SOUTH PASADENA, CA
The acquisition of this breathtaking fix and flip was made possible by financing with a CIVIC bridge loan.
The borrowers are repeat clients of CIVIC, with significant experience flipping in the Pasadena area. After completing roughly $249,000 worth of rehab, they increased the propertys value and sold it for $1,750,000 slightly higher than both CIVIC and the borrowers expected.
The total hold time for this project was 6 months with roughly a 26% return on investment. The entire CIVIC team was excited to have a hand in supporting this investor win!