Purchase Price: $370,000

Rehab Financing: $152,020

Total Loan Amount: $420,000

LTV: 71%

Estimated profit: $100,000

Renovated and redesigned for today’s contemporary style, this 1970’s property was brought back to life!

This experienced investor turned to CV3 as a first time client looking for a seamless application-to-close process. Understanding that our client needed to move quickly, we were able to get our client the short-term financing they needed ahead of their desired closing date. We also provided 100% rehab financing in the total of $152,000 in addition to their $370,000 purchase price which allowed them to stay liquid throughout the entire renovation process.

This 2700 square foot project was a full gut rehab and exterior facelift. The property’s elevated curbside appeal immediately draws you into the home. Once inside, you’re met with a modern open floor plan with white oak hard wood flooring that brightens up the space. Wanting to make sure this house lasts, this investor did a complete maintenance overhaul with a new HVAC system, PEX plumbing lines, electrical wiring and bronze windows.

Within an 8-month period this investor was able to acquire, renovate, list, and get the property sold. With his extensive expertise and attention to detail – the property sold quickly giving our borrower an estimated profit of $100,000.