Fix & Flip
Posted 16d agoFix & flip retail in Sacramento
$2,400,000
Location
Sacramento, CA 95814
Target rate
12.88%
Term
9 mo
Property type
Retail
Property & underwriting
- Occupancy
- Non-owner occupied
- Units
- 12
- Lien position
- Second lien
- As-is value
- $3,227,000
- LTV (as-is)
- 74.4%
- Purchase price
- $2,980,000
- After-repair value
- $3,781,000
- Loan-to-ARV
- 63.5%
- Rehab budget
- $686,000
- Existing liens
- $720,000
- Exit strategy
- Sell after renovation
- Borrower experience
- First-time investor
- Credit score range
- 800+
- Borrowing entity
- Individual
- Funding timeline
- ASAP (7-10 days)
- Additional collateral
- Retail at Sacramento, CA
Use of funds
Refinance existing hard money
Deal summary
Acquisition + rehab on a retail in Sacramento, CA. Borrower is seeking $2,400,000 at up to 12.88% for 9 months. Refinance into 30-yr DSCR.