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Previous Loan Update - Total Renovation Flip In
Rancho Palos Verdes, CA
Fully renovated 3 bedroom 2 bath Single Family Residence standard purchase. Original purchase price was for about $1,015,000 and after rehab property was listed for sale at $1,399,000. Client has participated in several other rehab projects and is an experienced investor.
Previous Loan Update - Completely Transformed Flip In
Fully remodeled 4 bedroom 2 bath Townhouse auction purchase. Original purchase price was for about $267,000 and after rehab property was listed for sale at $389,900. Client is an experienced flipper and flipped within a 4 month period.
Previous Loan Update - Successfully Flipped Property In
Totally remodeled 3 bedroom 2 bath single family residence. Client's first fix and flip! Original purchase price was for $425,000, Client spent about $50,000 worth of rehab and resold in 3 months for $580,000. Although this was client's first project, their experience in the construction/development business helped them achieve close to a six figure profit.
Previous Loan Update - Fixer Upper In
Union City, CA
Completely renovated 4 bedroom 2 bath single family residence, very prominent section of California as properties in the surrounding area are selling in the $1 Million range. Client is a Foreign National and has experience with investment properties. Civic was used to help acquire property and rehab funds were out of pocket from client. Plan was to rehab the property for around $60,000 and re-sell in six months. Original purchase price was $635,000 and expects to resell in the $800,000 range.