Previous Loan Update - A Touch of Modern in Fort Myers, FL
Property was dated and needed some TLC. With a purchased price of $291,600 by seasoned investors, a quick flip was definitely doable. They knew by tearing down walls, installing new floors and updating the master bath with a touch of modern would attract new home buyers. You can definitely see the new open floor plan is a breathe of fresh air. The property was recently sold for $392,000.
Previous Loan Update - Beautiful Renovation in Los Angeles, CA
Original property was in need of a major renovation and was purchased by experienced rehabbers to give it the makeover of a lifetime. The investors bought the property for $560,000 and put in over $300,000 in upgrades including a brand new ADU, shed and roof top deck. The property is expected to sell for $1,200,000.
Previous Loan Update - Newly Built in Los Angeles, CA
Property was purchased for $500,000 and borrower was able to gets permits to build a new home with the existing home as an ADU. The client needed additional funds once the property was close to completion and called Civic. We were able to lend funds to complete work and cash out funds to purchase another investment property as this was completed. Borrower ended up selling home for $1,425,000.
Previous Loan Update - Gorgeous Flip in Rolling Hills Estates, CA
Property was purchased for $1,000,000 about 18 months ago. Client had some delays due to the city. However, client was able to completed project. Original bid was $70,000 for this major transformation. The borrower is a licensed contractor which helped with the costs. Property is currently listed just under $2,000,000.
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Previous Loan Update - Rehab and Hold in Plano, TX
Property was beautifully renovated. Rental was already owned by borrower who wanted to upgrade the home and lease out for max possible rents. Borrower used us for the refinance to have assets to renovate and have cash on hand for the next opportunity that presented itself.
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Previous Loan Update - Fix and Flip In
Venice, FL
Interior and Exterior renovation on a 3 bedroom/2 bath Single Family Residence. Property was purchased significantly under market value. The plan was to put in about $100,000 worth of work and resell.
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Previous Loan Update - Fix and Flip In
Kula, HI
Interior and Exterior renovation on a 2 bedroom/1 bath Single Family Residence. Property was purchased at auction under market value. Client spent about $18,000 to renovate this property and it looks great!
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Previous Loan Update - Fix and Flip In
Los Angeles, CA
Interior and Exterior renovation on a 2 bedroom / 2 bath Single Family Residence. Original purchase price was for about around $400,000 and after rehab property was listed for sale at $645,000. This was client's first fix and flip.
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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.
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Previous Loan Update - Completely Transformed Flip In
Richmond, CA
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.
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Previous Loan Update - Successfully Flipped Property In
Hayward, CA
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.
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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.
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