Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
03/15/2016
Property Type
Single Family Residence
Property City
Bethesda
Property State
MD
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$500,000
Loan-to-Purchase Price
100%
Renovation Budget
$300,000
Renovation Budget Funded
100%
Deal Summary
Adler Private Lending, a direct lender for DC and Northern Virginia, funded a $800,000 1st lien position fix and flip loan for a single-family home in Bethesda, MD. We funded 100% of the $500,000 purchase price was and $300,000 rehab budget. The after-repair-value was estimated at $1,000,000, so the loan-to-value was 80%. This SFR hard money loan was funded in March 2016.