21820 Burbank Blvd. #250, Woodland Hills, CA 91367

818.707.3452

9:00 AM - 5:00 PM, Monday to Friday

Investments

Fix-n-Flip, High Yield, Great Credit, Experienced Borrower

Availability:

SOLD OUT

Address:

1933 Lemoyne St., Los Angeles, CA 90026

Property Type:

Residential

LTV:

55% ARV

Occupancy:

Non-owner occupied

Loan Amount:

1.45M

Investor Yield:

10.75%

Appraised Value:

2.5M ARV

Term:

2 years

Comments:

The borrower is purchasing a fix-n-flip investment property in Silverlake (Los Angeles) for 1.1M. Her plan is to evict the existing squatters, clean up the property, and remodel the 3 existing structures (650k fund control). The borrower recently did a fix-n-flip on a property located on the same street now listed for 2M 2113 Lemoyne St, Los Angeles, CA 90026 | MLS #22-215901 | Zillow. The seller will carryback 250k behind our loan and the borrower will be putting 150k down. Along with experience as a developer, the borrower also has excellent credit and a 6 figure bank balance and is an author and owner of other various businesses.

Options:

Fractionalized

Summary Information:

Contact Garret Hecker at (805) 208-6419 for more details.

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