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Pasadena, Ca - August 2020
This 1920s classic captured the eye, and the imagination, of a seasoned investor who recognized its potential. By adding 1,060 sq ft of living space and a 2-car garage, it has been transformed into a remarkable, spacious home totaling 2,800 sq ft!
As part of their flip strategy, our investor proactively lined up CIVIC financing when they received approval for a massive expansion. As soon as they received the necessary permits, our borrower turned to CIVIC. Included in the loan amount was a Rate & Term refinance and 100% financing on their $500,00 rehab budget to help them stay liquid through renovations.
While maintaining its original charm, this carefully curated modern farmhouse received stunning upgrades. The new space included four additional (gorgeous!) bathrooms, an expanded driveway, and an outdoor area for entertaining. Natural-toned flooring keeps the open and airy design flowing from the master bedroom all the way to the kitchen, which is decadently dressed with Soapstone Metropolis quartz counters and custom iron shelves.
Bordering the iconic Pasadena Rose Bowl and lush hiking trails of Arroyo Seco, this propertys prime location and impressive updates now make for a highly desirable home, expected to sell for $1,580,000. On behalf of #TeamCIVIC, congrats to our investor for this beautifully executed flip!