Special offer

Huntington Beach Hard Money JV Profit Sharing Deal Funded

By
Mortgage and Lending with Private Money Lender & Real Estate Backed Investments

 

We Funded a hard money loan in the city of Huntington Beach with our Private Money Fix n Flip Profit sharing program. This loan was submitted by a mortgage broker out of Newport Beach. We funded this transaction with a real estate professional that has been operating for seven years with a track record. He buys distressed assets with  his LLC in the orange county areas of Huntington Beach, Newport Beach, Corona Del Mar, crystal cove and laguna beach. He was a little low on capital, so we did a Fix n Flip Profit Sharing transaction.  Loan Docs were in escrow 24 hours after the appraisal came in, We funded the day after the borrower signed loan docs! This was a Win-Win for Both Borrower & Investor with this Joint Venture Trust Deed Investment

For more information about This program & Other Hard Money Programs Feel Free to call me direct

 at 949.836.5004 or email me directly. | Brokers Welcomed!

Here is what the numbers looked like.

 

$865,000- After Repair Value/Final Sales Price

$100,000-Rehab
X 70%= $605,500- Loan Amount
 
$537,500 Purchase Price
$100,000 Rehab
   $3,000 Title/Escrow
  $34,000Points/Fee/Builder Control Fund Cost & submitting brokers fee
$674,500
 
$674,500 - Total Cost to do the deal
$605,500 - 70%ARV Loan Amount
$69,000- Mr. Borrower is bring this in to escrow to close the transaction
 
 
$865,000       
$605,500 -  
 
$259,500
$10,812.50 - 1.25% Sellers Concessions 
$248,687.50
 $43,250 - 5% Realtor Commissions 
$205,437.50
$69,000 - Mr. Borrower gets his investment back
$136,437.50 - Net Profits
 
Mr. Borrower gets $68,218.75- 98.866% Return on Investment
Investor/Equity Partners gets $61,225