Hard Money Loan for House Flip in Bedford, Virginia
$125,000
)
Deal Details
Private Loan Type
Purchase
Approx. Funding Date
06/25/2026
Property Type
Property City
Bedford
Property State
VA
Loan Term (months)
12
Lien Type
1st Trust Deed
Payment Type
Interest Only
Purchase Price
$68,000
Loan-to-Purchase Price
0%
Borrower's Contribution to Purchase
100%
Source of Borrower's Contribution
Cash
Renovation Budget
$121,000
Renovation Budget Funded
100%
Borrower's Contribution to Budget
0%
After-Repair Value
$250,000
Loan-to-After-Repair Value
50%
Renovation Project Scope
Heavy Rehab
Location Type
Rural
Property Condition
Poor
Occupancy at Closing
Vacant
Number of Units
1
Building Square Footage
1,000
Lot Acreage
8
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Borrower Credit Rating
Excellent
Interest Rate
13%
Origination Points
3%
Deal Highlights
Deal Summary
Red Rock Capital, a private lender, funded a $125,000 rehab loan for a single-family home in Bedford, VA. The property’s estimated after-repair value was $250,000, resulting in a 50% loan-to-after-repair value. This experienced Borrower found a motivated estate seller and acquired the property at a significant discount to the asking price. The Red Rock team recognized the opportunity based on the Borrower’s good credit, strong liquidity, and previous experience renovating properties in the local market. We agreed to fund 100% of the $121,000 renovation budget, while the Borrower funded the entire $68,000 purchase price with their own cash. The Borrower plans to sell the property as an exit strategy. It is approximately 1,000 square feet set in an 8-acre lot. The interest rate was 13%, and we charged 3% origination points. The loan term was set at 12 months. This hard money loan was funded in June 2026.
Funded By
Red Rock Capital
Non-Recourse Loans for Self-Directed IRAs & Solo 401(k)s Fix-and-Flip, Bridge, and Long-Term Rental Financing