Hard Money Loan for Luxury Home Rehab in Woodside, California

Funded by Cityscape Finance, LLC


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only

Renovation Budget


Property Condition


Building Square Footage


Borrower's Plan

Rehab and Sell

Exit Strategy


Interest Rate


Deal Highlights

Supported a seasoned investor with a $1,000,000 renovation budget for a historic 8,470 sqft SFR.
Funded a $2,700,000 fix and flip loan with an ARV of $23,000,000, indicating high return prospects.

Deal Summary

Cityscape Finance, a direct private lending firm, funded a $2,700,000 1st lien position hard money loan for a large single-family home in Woodside, CA. The Borrower is an experienced investor, leveraging their expertise to maximize the property’s value post-renovation. He needed some funds to renovate the home before putting it on the market for sale. The advance at closing was $1,500,000 with a renovation budget of $1,000,000. It was built in 1934 and spans 8,470 square feet. Woodside is one of the wealthiest and highest-priced cities in Silicon Valley, with many large homes on large lots. The after-repair value was estimated at $23,000,000, so our loan is only 10.87% loan-to-value based on the ARV. The loan carries an interest rate of 11.25%. The loan term was set at 12 months. This hard money loan was funded in June 2024.

Funded By

Cityscape Finance, LLC

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