Fix & Flip in Malibu
Pacific Coast Highway, Malibu, CA, USA
Property Type
Residential
Length
18 months > Term
Appraised Value
$2,500,000 Appraised Value /
LTV
60%
About this Property
I recently purchased a distressed property in malibu after the fires last year. I need the funds to rehab the property. I’m two months away from obtaining the building permits
Listing Details
- Term: 18 months
- Appraised Value: $2,500,000
- LTV: 60%
- Status: vacant
- Property Type: Residential
- Purchase Price?: $2,000,000
- Listing Type: SFR
- ARV: $5,500,000
- Current NOI: n/a
- Pro Forma NOI: n/a
- Building Size: 2,000 sqft
- Land Area: 5,000 sqft
- Occupancy: n/a
- Experience: 5-9 Deals
- Number of Units: 1
- Date Purchased: 2018
Financials
- Loan Amount: $1,500,000.00
- Estimated Net Worth: $7,000,000
- Estimated Income: $300,000
Client Information
- Has the client used private money in the past?: Yes
- Has the client had any banckruptcy in the last 5 years?: No
- Client Background
- The Borrower has worked with private money in the past. He is a contractor by trade and is branching further into his own developments. This opportunity came his way after the California Wild Fires in 2018 and he snatched it up. His exit strategy is relatively simple. He plan's to rehab the property and then flip it for a profit. As we all know Malibu Beach real estate is a very safe place to put money.
Details
Loan Purpose
- Fix & Flip
Role
- Contractor
Listed by shah
- Profile Status
- Verified
