Hard Money Loan for Condo Fix & Flip Project in Columbia Heights, Washington DC

Funded by Adler Private Lending

$1,100,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

07/15/2016

Property Type
Condominium
Property City

Washington

Property State

DC

Loan Term (months)

12

Lien Type

1st Mortgage

Payment Type

Interest Only

Loan-to-Value

71%

Deal Summary

Adler Private Lending, a direct lender for DC and Northern Virginia, funded a $1,100,000 1st lien position hard money loan for a condominium fix and flip project in Columbia Heights, Washington DC. Our loan-to-value was 71%, interest accrued. The loan term was set at 12 months. This hard money loan was funded in July 2016.

Funded By

Adler Private Lending

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