Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
02/02/2018
Property Type
Single Family Residence
Property City
Los Angeles
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Exit Strategy
Sale
Deal Summary
SD Equity Partners, a hard money lender, funded a $430,000 1st lien position hard money loan for the acquisition of a single-family home fix and flip project in Los Angeles, California. Our hard money loan was 100% of the purchase price, and the Borrower funded the rehab costs. They didn’t make any monthly payments. The interest will be paid when the home is sold. This SFR hard money loan was funded in February 2018.