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Fix and Flip Kitchen in Wilmington CA

Wilmington, CA

  • Wilmington CA Fix & Flip Front 2
  • Wilmington CA Fix & Flip Front
  • Wilmington CA Fix & Flip Kitchen
  • Wilmington CA Fix & Flip Kitchen 2
  • Wilmington CA Fix & Flip Living & Kitchen
  • Wilmington CA Fix & Flip Bath 2
  • Wilmington CA Fix & Flip Bath
  • Wilmington CA Fix & Flip Primary Bedroom
  • Wilmington CA Fix & Flip Backyard

Loan Amount
$350,000

Purchase Price
$350,000

Final Sale Price
$825,000

Project Details
Lantzman Lending is a hard money lender and did a loan for the client for $377,000 on a purchase price of $350,000

Back to Recently Funded gallery

August 13, 2023 by Social Media

Check out this Wilmington, CA fix & flip from one of our investment partners.

The home was purchased in Oct 2022 for $350k, and the property was sold for $825k in June of 2023.  That is a very impressive return on investment.  Quite possibly one of the best we have ever seen.   Lantzman Lending is a hard money lender and did a loan for the client for $377,000 on a purchase price of $350,000.    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.

The Wilmington, CA market, which sits on the harbor just East of Long Beach, is down about 5% from it’s peak prices in September of 2022 with a current median home price of $639k.  After dropping for 7 months, it appears to have found a footing in the past 3 months with prices leveling out and even slightly increasing.   Like much of California it is experiencing low inventory with about 1.5 months of inventory for single family homes.

If you are looking to get a quote on your next loan: https://www.lantzmanlending.com/get-instant-quote/

 

Filed Under: Residential

858-720-0229

11696 Sorrento Valley Rd, Suite 201
San Diego, CA 92121
*CA-DBO CFL #603-e104 | CA-BRE #01522724

*Loans arranged under the authority of our CFL license will be made pursuant to a California Financing Law License

6671 S. Las Vegas Blvd., Suite 210, Office 201
Las Vegas, NV 89119
MLD 4649 and 4615 | NMLS 1578116

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