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Fix And Flip Loan Closed in Cloverdale, California

By G. David Lapin On July 23 2024

A Hard Money loan Closed on A Fix And Flip Property In Cloverdale, CA 95425

This Fix & Flip loan against an investment duplex - consisting of one Residential Unit and one Accessory Dwelling Unit (ADU), provided funds for the acquisition, repair, and disposition of the property.

 

Located 45 minutes from San Francisco, Cloverdale is a city in Sonoma County known for its wine country experience and eclectic shops, galleries, restaurants, and a performing arts center found in Cloverdale's historic downtown area.

 

 

SFR + ADU (2-Units)

Acquisition & Rehab

Purpose – Fix & Flip

Loan-to-Value (As Is): 41%

First Trust Deed
5 Year Term

85% CLTV Seller Carryback
Principle & Interest Payments
Sonoma County, CALIFORNIA
PRINCIPAL AMOUNT: $340,000.00
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