Citrus Heights is in Sacramento County. Our client on this property completed this flip in an impressive 3 months from start to finish. Wow! Lantzman Lending is a premier lender in Sacramento for hard money and investment loans. We did a loan for the client for $205,000 on a purchase price of $190,000. The property sold for $382,000 in January 2021.
Lantzman Lending lends throughout California. On our fix and flip loans we offer the following terms:
- Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
- 1.5 – 3.0 points on most 6-18 month loans
- From 8.49% interest depending on LTV
- Rehab portion of loan held in Fund Control and released on draws (same day release)
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available