Welcome to the charming and highly sought after Eagle Rock Neighborhood of Los Angeles, where this Spanish Revival fix & flip investment project was just completed by one of our investor partners. Nestled amidst the vibrant community, this property showcases the timeless elegance of Spanish architecture. The design team has skillfully blended vintage design elements like arched doorways, oil rubbed bronze fixtures, plaster walls, and a classic red tile roof with modern finishes that creates a harmonious fusion of past and present. We were awed by the meticulous staging that required us to do a double take to figure out if is was staged or furnished for an occupant.
The sale took a total of 7 months from start to finish; it was purchased in Oct 2022 for $1,270,000, and sold for in Apr 2023 for $1,670,000. Purchased during a time when the markets were starting to slow down due to seasonal conditions and steeply rising interest rates, the sale took a little longer than the investor had planned. As an investor, it is very important to take into account market conditions when pricing out your exit price and accounting for holding costs. This is particularly important when utilizing hard money to finance your investment as expenses can start to add up quickly. Timing your sales cycle and pin-pointing your exit price are two of the most important factors in a succesful fix & flip investment.
Lantzman Lending is a hard money lender and did a loan for the client for $1,100,000,000 on a purchase price of $1,270,000. This includes purchase and construction funds. We are lending throughout CA to investors up to 85% loan to cost for fix and flip investments. This includes loans up to 85% of the purchase price and 100% of the construction funds.
Link to loan types: https://www.lantzmanlending.com/a-guide-to-hard-money-loans/