Real estate investor and experienced Fix & Flip designer sought a business purpose loan to purchase this prime fix & flip opportunity in Redondo Beach, Los Angeles, CA.
The subject property is a 3-bedroom/2-bathroom SFR located in Redondo Beach’s highly desirable beach city neighborhood. The 1,615 SF home sits on a 2,501 SF lot with a 2 car attached garage. The subject property features a front porch and well groomed backyard. The subject property is close to many popular beaches, restaurants, bars, parks, and schools. The subject property is well located within a few minutes to Pacific Coast Highway 1.
What we like about this Trust Deed opportunity:
- 23.26% LTV on BPO value
- 3 months Guaranteed Interest
- Desirable Redondo Beach location