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Edgewater, Florida - November 2022
LOAN AMOUNT:
$423,500
RESALE PRICE:
$895,000
REHAB FINANCING:
$113,375
TERM:
1-YEAR
LTV:
79%
Bold and beachy… check out this investor’s fix and flip come-back with a contemporary spin on a coastal Florida property.
Coming to CIVIC for the first time, our competitive pricing made it an easy choice for this investor as he was needing the lowest overall cost. Providing just that with 79% LTV and Rehab Financing – he was able to minimize his overall out-of-pocket expenses for this project.
A top to bottom transformation gave this 1960’s property a brand-new look and feel. From the outside, you’re met with a contemporary exterior giving the home a true one-of-a-kind character. Inside the home, you’ll find an open space dressed in colorful marble accents giving the interior a unique sense of style that flows throughout. Large window additions overlooking scenic views of Menard-May Park make it possible to experience endless water views and some of best coastal skylines from the comfort of the living room. Closing out this transformation is a spacious backyard and the addition of a deck space that provides more room for entertaining or just a great place to unwind at the end of the day.
From a compete exterior overhaul to a full interior facelift, this project was no small feat, but our investor was able to get the job done in just nine months’ time. Earning a profit around $250,000, this property just sold within weeks for $895,000.
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