Lynn Court Development

Refinance/Flip
6 Bedrooms/ 3.5 Bathrooms; 3,837 Sq. Ft.; Year Built 2016
The borrower purchased 10 lots and subdivided all the parcels.
He has since completed construction of all 10 homes, 7 of which have been sold.
The borrower is pulling out his equity on the last 3 homes which has just been listed for sale.
Loan will be paid off on the sale of the remaining properties.

Kimridge Road

Cash-out Refinance/ Flip
3 Bedrooms/3 Bathrooms; 3,943 Sq. Ft.; 14,689 Sq. Ft. Lot; Year Built 1991
Property is located in prestigious Beverly Ridge Estates with great canyon views.
Developer purchased property for all-cash in 2015.
He will be using approximately $300K of the cash out to finish this project and the remainder of the loan to complete another project.

Manton Avenue

Cash-out Refinance
3 Bedrooms / 2 Bathrooms; 2,003 Sq. Ft. Structure

Greg Thatch Circle

Buy and Hold Rental
4 Bedrooms / 2.5 Bathrooms; 2,218 Sq. Ft.; 4,500 Sq. Ft. Lot; Year Built 2004
The borrower will work on stabilizing the property with a tenant.
The borrower will then refinance into a conventional loan once the rental has been established.

Best Avenue

Purchase and Flip
3 Bedrooms / 1 Bathroom; 1,276 Sq. Ft.; 4,428 Sq. Ft. Lot; Year Built 1922
The property is located in Maxwell Park, a good neighborhood of Oakland.
The borrower plans on investing approximately $50,000 into the renovation.
The borrower expects to sell the home for $585,000 once all the renovations are completed.

Accacia Street

Buy and Hold Rental
4 Bedrooms / 3 Bathrooms; 2,220 Sq. Ft.; 2,500 Sq. Ft. Lot; Year Built 2002
The property is a 3-story SFR located in a newer hillside subdivision in Daly City. The borrower plans on renting the property for $5,000 a month. Borrower currently has a few adverse trades on his credit report preventing the use of conventional financing. The borrower will refinance with a conventional loan once his credit has been sufficiently repaired.

MacArthur Avenue

Purchase and Flip
2 Bedroom / 1 Bathroom; 1,050 Sq. Ft.; 5,000 Sq. Ft. Lot; Year Built 1939
The purchase price for the subject property the borrower bought was $630,000.
The borrower plans on investing $70,000 into the remodel.
Once construction is completed, the borrower expects to resell the property for $850,000.
Proceeds from the sale will be used to pay off our loan in full.

Mendocino Creek Drive

Buy and Hold Rental
5 Bedrooms / 3.5 Bathrooms; 2,739 Sq. Ft.; 6,615 Sq. Ft. Lot; Year Built 2004
The borrower will be investing $30,000 into renovations as part of the stabilization process.
Once stabilized, the borrower will be renting the property for $2,200 per month.

Via Pinale

Buy and Hold Rental
Bays for Funding: 8 Days
3 Bedrooms / 1 Bathroom; 1,063 Sq. Ft.; 5,832 Sq. Ft. Lot; Year Built 1944
This property is in good condition located on a cul-de-sac.
It was recently remodeled and does not require any additional renovations.
The borrower already has a tenant ready to pay $3,100 per month.
The borrower will be reducing the balance of the capital and will refinance with a bank loan during the term of our loan.