Loans to
Fix and Flip
Location: Oakland, CA
Funded: $720,000
Private Loan Type:Fix and Flip Loan
Deal Highlights:
Deal Summary:
Our borrower found a property well below market, and needed to facilitate the purchase with a 10-day close. We were able to provide the necessary capital to get the deal done with time to spare.
The property underwent a full renovation, was listed for sale within 5 months, and sold over asking price. This was a win/win for our borrower as our fix and flip loans never have repayment penalties, so they were able to repay our loan during the sale transaction.
Deal Details:
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