TOWNHOME INVESTMENT: EL CAJON

Loan: Fix & Flip — Purchase LTV: $128,000 — Rehab: $35,000 

Full Loan Amount: $163,000 — ARV: $269,000 

 Newly remodeled 2 bedroom, 1.5 bathroom townhouse! This project was with one of our repeat borrowers. This fix and flip features brand new windows, new interior & rooftop HVAC, new electrical & plumbing, new shaker cabinets, new quartz counters, new luxury flooring & so much more! Truly one of the nicest townhouses ever on the market for under $300,000 in El Cajon! For this deal, we were able to provide the borrower with 85% of the purchase and 100% of the rehab with a loan just under 60% LTARV. Total project timeline took less than four months, from close to resale.