- Loan Amount: $314,075
- Interest Rate: 11.9%
- Loan Term: 6 Months
- Property Type: Single Family Residential
- Loan Type: Fix and Flip Loan
This new borrower took advantage of our Holiday Fix and Flip special, and we were able to get their fix and flip financed in 24 hours. Having done 20 flips before using Capital Fund I, they had plenty of proof to show that they are able to perform quality work.
As a new borrower, they took advantage of the $450 off their first doc, making their holiday a bit brighter. They plan to focus on cosmetic fixes, as the home had good bones and is still fairly young, but was in need of a lift to the more modern tastes of today.
We can hardly wait for the completion of this flip, and that we get to see our borrower again on another deal.<