Loan Amount:
|
$104,000
|
|
Los Angeles |
LTV After Repairs:
|
50% ARV |
County:
|
Los Angeles |
Appraised Value:
|
$210,000 |
|
Purchase Price:
|
$114,000 |
Term:
|
12 Months |
Rate:
|
10.99%
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family |
Repairs Needed:
|
$25,000
|
|
Hard money, Rehab "Fix & Flip" |
Loan Amount:
|
$165,000
|
|
Van Nuys |
Loan to Value:
|
75% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$270,000 "As-Is" |
|
Purchase Price:
|
$220,000 |
Term:
|
6 Months |
Rate:
|
10.90%
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family |
Repairs Needed:
|
No Fund Control
|
|
Rehab Fix & Flip
High LTV hard money based on the purchase price only.
No fund control. |
Loan Amount:
|
$198,750
|
|
Los Angeles |
LTV:
|
75% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$350,000 |
|
Purchase Price:
|
$265,000 |
Term:
|
9 Months |
Rate:
|
9.99%
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family |
Repairs Needed:
|
No Fund Control
|
|
Hard money, Rehab "Fix & Flip" |
Loan Amount:
|
$191,000
|
|
Los Angeles |
LTV:
|
55% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$348,000 |
|
Purchase Price:
|
N/A Refinance |
Term:
|
12 Months |
Rate:
|
12.00%
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Duplex |
Repairs Needed:
|
N/A
|
|
Recently converted hotel to a duplex. Borrower pulled
additional funds to purchase another investment property. |
Loan Amount:
|
$160,000
|
|
Los Angeles |
LTV:
|
59% ARV |
County:
|
Los Angeles, CA |
After Repair Value:
|
$270,000 |
|
Purchase Price:
|
$185,000 |
Term:
|
1 Years |
Rate:
|
12.00%
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family |
Repairs Needed:
|
No Fund Control
|
|
The borrower came in with 20% on this transaction and
opted to do the repairs with his own funds. Rehab Fix & Flip |
Loan Amount:
|
$123,750
|
|
Los Angeles |
Loan to Value:
|
75% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$200,000 "As-Is" |
|
Purchase Price:
|
$165,000 |
Term:
|
8 Months |
Rate:
|
11.325%
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family |
Repairs Needed:
|
No Fund Control
|
|
Rehab Fix & Flip
High LTV hard money based on the purchase price only.
No fund control. |
Loan Amount:
|
$155,000
|
|
Los Angeles |
LTV ARV:
|
58% ARV |
County:
|
Los Angeles |
Appraised Value:
|
$267,000 |
|
Purchase Price:
|
$171,000 |
Term:
|
12 Months |
Rate:
|
12.99% I.O.
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family |
Repairs Needed:
|
$13,867
|
|
Hard money, Rehab "Fix & Flip"
Borrower has an end buyer ready to go.
There was no fund control for the repairs. |
Loan Amount:
|
$400,000
|
|
Los Angeles |
LTV:
|
58% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$685,000 |
|
Purchase Price:
|
N/A Refinance |
Term:
|
12 Months |
Rate:
|
8.90% I.O.
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family (3) |
Repairs Needed:
|
Minimal
|
|
Pull cash out of three properties (Cross collateralize).
Borrower wanted to have extra cash in hand to
purchase additional rehab properties. We were able
to provide a release clause for each property we
cross collateralized so the entire loan balance would
not have to be paid off at once. |
Loan Amount:
|
$280,000
|
|
Los Angeles |
LTV:
|
56% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$500,000 |
|
Purchase Price:
|
N/A Refinance |
Term:
|
60 Months |
Rate:
|
11.75% I.O.
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
4 Units |
Repairs Needed:
|
None
|
|
Construction had just been completed and borrower
needed to refinance into a longer term and pull some
additional cash out. |
Loan Amount:
|
$600,000
|
|
Los Angeles |
LTV:
|
59% LTV |
County:
|
Los Angeles |
Appraised Value:
|
$1,016,000 |
|
Purchase Price:
|
N/A |
Term:
|
12 Months |
Rate:
|
9.30% I.O.
|
Income:
|
Stated Income
Verified Assets |
Property Type:
|
Single Family (4) |
Repairs Needed:
|
Minmial
|
|
Pull cash out of four properties (Cross collateralize).
Borrower wanted to have extra cash in hand to
purchase additional rehab properties. We were able
to provide a release clause for each property we
cross collateralized so the entire loan balance would
not have to be paid off at once. |
Loan Amount:
|
$165,000
|
|
Los Angeles |
LTV After Repairs:
|
60% ARV |
County:
|
Los Angeles |
Appraised Value:
|
$175,000 |
|
Purchase Price:
|
$183,750 |
Term:
|
12 Months |
Rate:
|
12.00% I.O.
|
Income:
|
Stated Income |
Property Type:
|
Single Family |
Repairs Needed:
|
$15,000
|
|
Hard money, Rehab "Fix & Flip" |
|