Check out this ADU addition investment property in San Diego, California! Purchase Price of $580,000, loan amount $335k, the property was fully renovated w/ an ADU added. The results were fantastic, and the seller is now in escrow to sell with a list price of $979,000. ADU permits and additions can take quite a bit more time to finish, but the extra square footage and desirability can increase the value greatly. Call Lantzman Lending to discuss how we can finance your ADU investment property.
Learn More about our San Diego Hard Money Loans: https://www.lantzmanlending.com/san-diego-hard-money-lenders/
Andre Kalkreuter says
I am on the search for a lender who is currently able to finance an ADU. The property was purchased a year ago for $550k with an outstanding balance of 519k. Our architect is about to submit to the city within the next 2 weeks for permitting, and we already found a contractor who quoted us 230k for a 2bd 2ba at approximately 1100 sq ft. in Emerald Hills, San Diego, CA.
I am looking forward to your response.