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Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
07/18/2024
Property Type
Property City
Eugene
Property State
OR
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$285,000
Loan-to-Purchase Price
66%
Borrower's Contribution to Purchase
34%
Source of Borrower's Contribution
Cash
Renovation Budget
$30,000
Renovation Budget Funded
100%
After-Repair Value
$380,000
Deal Summary
Blue-inc. Capital, a private lender based in Oregon, funded a $260,000 1st lien position fix and flip loan for a single-family home in Eugene, OR. We funded 100% of the $30,000 renovation budget and 66% of the $285,000 purchase price, while the Borrower contributed 34% cash to the purchase at closing. The after-repair value was estimated at $380,000. We funded this loan in less than two weeks and were able to give additional funds for the renovation. The loan term was set at 12 months. This fix and flip loan was funded in July 2024.
Funded By
Blue-inc. Capital
Oregon's private lending solution for over 30 years
Dealmakers
Jake Colter
Loan Originator
NMLS ID 2365400