Mortgage lead for Residential loan in Beverly Hills, CA, 90210

Loan Request for Residential loan in Beverly Hills, CA, 90210

Request #3705008 by Lender

Date Posted

9/30/2024 5:37:47 PM

Property at

Beverly Hills, CA, 90210, USA Show Map

Borrower at

Property Type

Residential

Property Value

$3,500,000

Loan Request

$650,000

LTV

18.57 %

Credit Rating

760-779

Loan Purpose

Purchase Fix N' Flip

Purpose

FUNDING OPPORTUNITY!!! (Direct lenders only) Location: Beverly Hills, California ****GDRIVE Available with all documents*** Funds Requested: $650,000 Return: 30% for 180 days with option to extend 60 days for an additional 5% Lien Position: Second Timeframe: 180 day primary – 240 day option Close Date: As soon as possible Securities: Promissory note Personal guarantee Deed of Trust Exit: Option 1: Sell Option 2: Refi Experienced investor with multiple buy and hold properties. Sponsor has completed multiple flips across multiple states. Property is being acquired under construction (bank owned REO) and plan is to complete the property as soon as possible with luxury class improvements. Primary exit is to sell, secondary exit is to cash out refi. Borrower has an established relationship with Flex Funding having completed similar acquisitions with them before.

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Loan Request for Residential loan in Beverly Hills, CA, 90210