Houston Fix and Flip

We financed 100% of the purchase & rehab for for this experienced investor. The overall project took 11 months and profit was approximately $80k.

2 BR / 1 BA

988 SqFt

Borrowed: $177,000 (purchase + rehab)

Sold: $280,000

LTV: 63%

San Antonio Fix and Flip

The borrower came to us with a hoarders home. We evaluated the property and the Comps supported a $290,000 ARV with strong sales in the area. We funded the property and three dumpsters of trash later the real estate investor was ready to start the renovation.

3 BR / 2 BA

2,017 SqFt

Borrowed: $186,300 (purchase + rehab)

Sold: $292,900

LTV: 63.6%

Payout: 7 months

San Antonio BRRR

An experienced borrower came to use with a quick close. He had strong credit and cross-collateralized the loan with other owned properties.

Borrowed: $215,000 (purchase + rehab)

Value: $289,000

LTV: 74%

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