Closed! Fix and Flip in Los Angeles: $360,000 1st TD, 67.29% LTV on Purchase Price, 8.50% Lender Rate
Experienced real estate investor and Licensed General Contractor sought a business purpose 1st TD to purchase and “Fix and Rent” this investment property Triplex in Los Angeles, CA. Upon the close of escrow the borrower will immediately begin remodeling Triplex then refinance the property into a conventional loan. The borrower only sought purchase money, he…