27 Dec Nelson Funding Closes $840,000 Fix and Flip Loan in Southern California
Nelson Funding is proud to announce the closing of an $840,000 fix and flip loan in Southern California. Nelson Funding provided financing at 85% of the purchase price and 100% of the rehab amount which equaled 70% of the after repaired value (ARV).
The borrower is an experienced fix and flipper in the Southern California area which made it easier for Nelson Funding to provide higher leverage and a lower cost of capital. Nelson Funding provided the capital at 8% interest and just 1% origination.
Nelson Funding is a leader in providing financing for fix and flip projects in Southern California. With the ability to provide financing up to 90% of the purchase price and 100% of the rehab amount, Nelson Funding is an ideal choice for most fix and flip borrowers.
Southern California is an ideal market for fix and flip projects as the market has historically been very strong. Prices in Southern California continue to appreciate due to high demand from homeowners with increased buying power.
If you have a fix and flip project in Southern California and need financing, get a free no-obligation quote at NelsonFunding.com. Nelson Funding strives to be the leader in financing fix and flips in Southern California and we look forward to earning your business.