The previous owner of this gorgeous Central Phoenix property was in the middle of demoing the interior when their lender took it back, and our borrower came in to finish the job with a fix and flip loan from Capital Fund I. The property already has a lot going for it, a beautiful location, a pristine exterior, and though the interior is a little scary right now we know our borrower will bring a great product onto the market.
Aesthetic renovations that will be going into this home include new hardwood flooring and tiles, as well as fresh paint and new cabinets and counters in the kitchen. The kitchen will also be getting all new appliances, making the final product have a modern and stylish kitchen that will be fit for the modern-day home chef. Other renovations include updating the electrical, plumbing and HVAC to have the home in proper working condition when it is placed back onto the market.
- Loan Amount: $578,850
- Rate: 11.9%
- Loan Term: 12 Months
- Loan Type: Fix and Flip
- Property Type: Single Family Residential