Hard Money Loan for SFR Fix & Flip Project in Bethesda, Maryland

Funded by Adler Private Lending

$800,000

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.

Funded By

Adler Private Lending

"Boots on the Ground" Direct Lender for DC and Northern Virginia only