View Park, CA - October 2020
This Los Angeles property maintained its original Spanish bungalow identity on the outside, while receiving a major interior transformation on the inside - elevating this style to the next level.
When our experienced investor discovered this off-market listing, he immediately recognized the opportunity but needed to move quickly. Eager to do a complete rehab within 3 months of purchasing, the investor needed a way to stay as liquid as possible throughout the project. Since the property was listed off-market, the investor utilized an 82% LTV loan as well as CIVIC rehab financing to maximize his cash-flow. With the help of CIVIC financing our borrower was able to close within a short time frame and get started on the renovation.
With $75,000 of lavish improvements, this investor didnt cut any corners. The combinations of upgrades to this 1,900 square foot home are bold, imaginative and luxurious, shining in juxtaposition to its original Spanish charm. The expanded and open kitchen is stocked with new cabinets, counter tops and state-of-the-art appliances that any food connoisseur would dream about. The bathrooms were completely redone with a resort-like design the attention to detail here is flawless.
With a quick acquisition, the right financing and a sound strategy, the investor was able to achieve their lofty goal of a 3-month flip, resulting in a sale amount of $470K over their original purchase price.