Borrower has personally invested a total of $432K “skin in the game” into subject property; including purchase down payment on property and remodeling expenses paid out of pocket to date. 23 years’ experience borrower with history of borrower’s Fix & Flip remodel successes in Investor Dropbox. Our loan will pay off an existing, current and in good standing 1st TD + Funds Control to complete the final, finishing stage of remodel and ADU SF expansion. Exit strategy: Property Sale as soon as complete.
Successful owner-operator of a construction consulting company for 23 years based out of Newport Beach, CA and seasoned Fix and Flipper is seeking a 1st Trust Deed loan on this non-owner occupied, SFR investment property in the “Hyde Park” neighborhood of Los Angeles, Los Angeles County, CA.
The subject property is a 1 story, Spanish style SFR investment “fix & flip” property located in Los Angeles, Los Angeles County, CA., The subject property consists of 4 Bedroom / 3 Bathroom with 1,833 SF of rentable living space sitting on a large 6,700 SF lot.
The subject property is surrounded by similar SFR properties. The subject property is centrally located near many restaurants, shopping plazas, UCLA Annex campus, public schools and local city parks. The subject property has easy access to the 110 and 405 freeways and is just east of the Los Angeles Airport “LAX”.