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View Park, CA - January 2020
Acquisition Price: $710,000
Rehab Financing: $77,780
Term: 1 Year
This borrower found a good deal on a property and had to move quickly — specifically, he HAD to close in 15 days. Having worked with CIVIC on several past deals (15 loans between himself and his partnerships!), he knew he could count on CIVIC to make it happen.
With CIVIC’s help, the property was acquired timely for a great deal at $710,000 and needed just over $75,000 of rehab work to be complete. With a facelift and transformation throughout, there was not a single aspect of the property that wasn’t beautified. Windows and flooring, cabinets and vanities, heightened ceilings and opened living areas — the renovation was stunning!
Now, not only is this the neighborhood gem, but it has become a revenue-generating rental property worth ~ $950,000 … another investor win for CIVIC!
Take a look at all of the before and after images below, or Click Here to check out another 'Flip of the Month' >>