Hollywood Hills Development Project Available


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2131 Kress Street Los Angeles. CA 90046
This is a vacant lot project that a builder I know decided not to move forward with.
They demolished the small house that was on the site but ran into a snag with their permits, now they’re 6-9 months away from approval. Could also consider a J/V with $650K down towards a new loan. They have plans to build a 3,100 sq.ft home with appraisal in-hand dated 6/9/16 ARV – $3.4M, Rehab Budget – $571k
 
They are letting it go around $1.7M
I live down the street, its a great private street, off Sunset/Laurel Canyon.
Great Hollywood Hills location, affluent, exclusive area.
I took the pics recently.
I can show you the site anytime.
We can provide financing with 10-20% down-payment. Inquire about Private Funding for your other projects! Foreign buyers OK! Low Fico OK!, 1st Time Investor OK!, Credit Problems OK! Unique Situation (but have income to make the loan payments and down-payment) OK! Residential = ARV Lending, Commercial= Creative Structure for well qualified principals. Refi & Purchase groups/portfolios of rental properties nationwide.
Strong terms for CA loans. Largest loans for ARV fix and flip scenarios. Tear down OK!
Fast Bridge Loans to close transactions with quick cash funding 2-5 day funding.
If you want to put your funds to work, we can introduce you to a few opportunities to get your feet wet and build a relationship with one of the principals I work with. They are offering lenders 20%+ ROI within 6-12 months.
Primary Markets: Los Angeles, San Diego, Orange, Sacramento, SF
Call Greg – 858.386.0949 | greg@fixandflippers.com

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