Recently funded in Henderson, NV
Lantzman Lending lent $350,000 on a purchase price of $437,000 on this Henderson, NV fix and flip. The seller had this property on the market in 3 months, and it took about 90 days to sell the property for a very good price of $655,000 after falling out of escrow once. This sales price was well above the expected price of both the lender and the borrower. The borrower did an extensive remodel and the attention to detail paid off in the sales price. We also took notice of the excellent listing photos that helped to show off the quality of the remodel.
Inventory in the 89074 zip code of Henderson, NV is running at about 1.4 months. There are 91 active homes on the market and 63 homes sold in the past 30 days. This places this area of Las Vegas in a slightly stronger position versus the entire Las Vegas market where there is just over 2 months of inventory available. Inventory in Nevada has been shrinking since last October, and is now down about 30% from its recent, 5-year peak. There were 11,000 home on the market in October 2022 and Las Vegas is now sitting at just over 8,000.
*** Lantzman Lending Advantage*** We do not do appraisals on most of our loan products. This means we can evaluate your deal quickly to get you a full approval in as little as 24 hours, save you some money on the cost of the appraisal, and get your loan funded as fast as 5 days. For those investors that value convenience and ease of use, Lantzman Lending is hard to beat!