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Laguna Beach, CA - October 2019
Rehab Financing: $770,000
Term: 1 Year
For this flip, the borrower’s current lender was only able to offer 50% of the rehab budget, so CIVIC stepped in for the win.
The refinance and rehab of this breathtaking So Cal property was made possible by financing with a CIVIC bridge loan and Rehab Pro. Although the property was slightly in disrepair, the borrower had a strong FICO and significant experience flipping in the Laguna and Manhattan Beach areas. With the property situated on a cliff, a foundation report was required — but our client (also a repeat CIVIC borrower) was happy to provide.
CIVIC was able to provide 100% of the rehab costs through our Rehab Pro program, helping the borrower save a substantial amount throughout the entire process. Now listed for sale, CIVIC is proud to have had a hand in helping our client maximize the potential of this stunning property.
Take a look at all of the before and after images below, or Click Here to check out another 'Flip of the Month' >>