The seller obtained permits on this property from the City of Malibu which took 18 months. He also has full plans – architectural, structural and landscaping which took almost a year to complete. As you know, plans and permits are the hard part. This Malibu rehab is a perfect project for an end user or developer. Malibu is a beautiful and serene community. The property has real unobstructed ocean views and no PCH noise even though it is only a minute up from PCH.
A well-known LA architect worked on the design and remodel for it to be updated to an open floor plan and a master bedroom with a very large walk-in closet and ocean view. Once completed, as soon as you walk in the house you will be able to see the backyard and the ocean. The kitchen is adjoined to the family room, dining room and shares this beautiful view. The family room opens up to the backyard so that it embodies the true Californian lifestyle of outdoor living.
Check out this hot property near Brentwood that Signature Smart Construction was blessed to work on, and collaborate with Project Buddy Pro: a local fund control and on-demand construction management company that has a Professional program that I use to source quality contractors for jobs.
Signature Smart Construction is a Malibu, California based company specializing in Luxury Smart Home Consulting, Additions, Automation, and New Builds. They are a Los Angeles division of Delta Construction and Design, Inc based in San Diego, California. CLSB #782999
Californian Estates is a full service real estate company specializing in Luxury Estate sales is based in West Hollywood California.
Property Address: 375 Dalkeith Ave, Westwood, CA 90049
3900 SF, 8436 SF lot, Traditional Style, 4 Good size Bedrooms, 4 bathrooms,
Private Showings Only $2,950,000
Amazing location close to Wilshire Corridor, Brentwood and Bel Air. PRICED TO SELL!! This amazing property in the prestigious Westwood neighborhood, near Brentwood, Bel-Air and Beverly Hills. Recently remodeled SMART-HOME is over 3900 sq. ft. and sophisticated living, offering 4 bedrooms, 4 bathrooms. New kitchen with center island, dining room opening out to a deck overlooking the rear yard.
Property Features: 2 Large mature fruiting avocado trees. Motion sensors throughout, commercial grade hot water heater capable of heating a 8000 SF home, triple-pane windows in the back and double pane windows in the front buffers the freeway noise in the backyard.
The ceilings have all been raised up. The attic space has 14″ ceilings! You could build out an office space, gym or rec room.
The home was plumbed and set up to support a 12ftx15 ft wine cellar.
Kitchen has 36,000 BTU Restaurant Oven.
The master has a deep closet area designed to build out a dressing room area.
Alexa has been installed to support the Ring camera monitoring the home and Samsung Smart Fridge, dishwasher, garage door opener and interior lights.
Hardwood floors and high ceilings. Living room with fireplace. The backyard includes an entertaining area and children play area. Two car garage with a built-in electric plug for our electric vehicle. Waterfall and landscaping included. This property is well under the current comparable in the area.
Seller is a general contractor and has installed brand new beams throughout. The property has been remodeled from top to bottom adding 2000 SF.
We work with strong commercial lenders, they are nationwide direct non-bank lenders. They provide Transactional loans, they are one of the few SBA Preferred Lender and they specialize in owner-occupied properties.
Some of the deals they’ve funded are:
Atlanta Office Building
Office Building in Atlanta the loan was submitted on a Wednesday, and they had approval by Friday. They sent docs out the following Thursday to meet the close of escrow. This was a 65% LTV Conventional loan of $2,080,000
They rose to the occasion with a lucky teacher in GA, funding a childcare facility using an SBA 7A loan with a high LTV (87.5) in a rural setting and startup business! They had other obstacles but persisted with creative financing and some additional collateral, they were able to close!
Industrial building funding
With an Industrial auto service bank turn-down that was submitted on the 16th for approval; by the 27th they used a SBA 504 loan and a combo 1st Trust deed and Bridge loan totaling over $3.3M. They closed this 90% LTV loan in Los Angeles in 2 weeks.
Fast Food Funding
Even after several lending institutions passed, because there were very minimal industry ownership/management experience, they were able to fund a fast-food purchase with a 2 loan combo for over $550,000 in CA.
Construction Company Funded
Our partners pleased their Construction company borrower
after performing on a previous loan, they received the opportunity to fund a
refinance of an existing asset, the borrower had issues and were declined by 3
other banks, the current loan had matured, and the borrower needed a 6 figure
cash-out for working capital, they
obtained a 60% LTV conventional loan for $600k cash-out.
SBA 7a Loan Funding in North Carolina
They provided a $1.1M cash-out on an office condo in NC for a borrower to pay their taxes to be eligible for an SBA 7a loan to refinance a second building with working capital.
Office Funding in Florida
They were able to beat out a local bank for the business of
a top operator who purchased an office in Florida for $300,000 at 85% LTV.
Retail Funding in San Francisco
Creatively speaking, our partners think outside the box and
know the markets, they financed the purchase of a mixed-use retail and
residential property that penciled out and had aggressive projections, at 80%
LTV they made a loan over $1.3M in 32 days in San Francisco.
Hotel Purchase in Colorado
A hotel purchase in Colorado with a 2 loan combo, and over
$4M in creative financing, the change in hotel flag due to change in ownership was
an issue for some banks but my partners closed it up!
Multi-Tenant Refinance in Los Angeles
In Los Angeles, I was happy when they performed great on a private money loan funded a multi-tenant refinance, taking the owner out of a high-interest loan to a low-interest conventional loan at 65% LTV.
Closed Despite Bankruptcy, Lien & Judgements
They were able to defeat multiple obstacles with a client
that included: 2 operating companies, multiple affiliate businesses,
inconsistent cash-flow, and a history that included a bankruptcy, multiple
state lien & judgements for over
Expansion Funds for a Construction Company
They helped an established contractor of 32 years fund an expansion for their business for over $850k, based on projections.
Cannabis & Hemp Funding
If you have the experience, cash reserves and good to great credit, we can look at Cannabis and Hemp financing requests.
If you’re in need of Commercial Financing, Contact me – Greg@fixandflippers.com with your Loan Scenario
Downsizing is becoming common among seniors,
and for good reason. For one, it could be the difference between a lower
mortgage payment (or none at all), freeing up income for leisure and expenses.
It also means a much smaller house to keep up, which improves both safety and
accessibility. If you’ve been toying with the idea of downsizing, the following
are some pieces of advice you should take to heart.
Time to Downsize?
There’s not a definitive answer to this
question because there are several scenarios in which it makes sense to downsize. You could have a home
with many rooms going unused or one that isn’t conducive to aging in place, or
you may have unmanageable monthly expenses and difficulty keeping up with
cleaning and maintenance.
Begin the Downsizing Process
You’re downsizing your home, but you’ll also
need to downsize everything in it to fit comfortably in your new home. Where do
you begin? Well, before you start, there are some smaller details you should handle first before
you tackle the downsizing process. Take photos of your home to keep as
mementos, sort through/purge paperwork, and label photographs. Decide what
you’d like to gift to family and friends, as it isn’t feasible or fair to pay
for storage for items they aren’t yet ready to accept.
Once you’ve done this work, you can get started downsizing by first taking
inventory of all your things and sorting them into piles to keep, give away, donate, sell, or throw away. Measure your new
space with a tape measure so you can determine what furniture will fit and what
needs to go. There are some items that you should be able to easily let go of such as duplicate items,
unwanted/unworn clothing, miscellaneous gadgets, clutter, and anything you’re
currently paying to keep in storage.
the Right Home
Once you see all the homes on the market, you
may begin to feel a little overwhelmed. Remind yourself that this simply means
you have plenty of options, ensuring you find the right home without making any
compromises on wants and needs. So, what should you look for? You might already have your own list
of must-haves, but don’t lose sight of the big picture, which is a home that is
smaller, accessible, safe, and senior-friendly.
Start by pinpointing the best location,
whether that’s near family or close to stores, health care facilities, and
entertainment. Don’t forget about senior-specific amenities as well, such as
the size and layout. For example, a claw-foot tub is gorgeous, but an
accessible bathtub/shower is both reasonable and safe. You will likely find
that whatever home you choose needs some modifications to make it accessible,
such as grab bars, ramps, or widened doorways, so be
sure to factor this into the price.
However, it is important to note that
downsizing doesn’t necessarily mean moving to a smaller home. If you need
additional assistance with activities of daily living, your health has
declined, or you’re experiencing safety concerns such as trips, falls, or
confusion, now could be the time to put some serious thought into downsizing to
an assisted living facility. Schedule some assisted living tours, and you’ll
see that assisted living may not be what you’d expect because you can still be
self-sufficient in this environment. The average monthly assisted living cost in Orlando ranges anywhere from $1,500 to
$7,770, so you’ll want to do an extensive search and take your time.
Many seniors have to downsize. Instead of toying with the idea, take the first step in actually doing it. Although it’s a big step, the benefits of doing so make it a leap worth taking in your golden years.
Regardless if you are a seasoned real estate investor, a savvy house-flipper or an entrepreneur in need of your first real estate loan, my lender partner can help you finance your vision.
They offer asset-based financing that rivals hard money. And because time is money, their loan processing is fast and streamlined so you’re on your way to realizing your vision quickly. These loans are perfect for short-term, long-term or fix-and-flip transactions.
Their flexible investment property and small commercial loans are available for:
30-year Investor Loans with No Balloon.
Consider locking in the historically low rates with no balloon payments.
The loan is designed for investors seeking a simple financing solution for purchase or refinances, with the flexibility to remain in the loan for up to 30 years.
This loan eliminates the balloon payment associated with private money loans, along with the rate hikes of adjustable-rate mortgages.
Because the FlexPerm loan is asset-based, it’s perfect for independent, buy-and-hold real estate investors and small business owners who are tough to qualify.
Great for qualifying W-2, self-employed investors and small business owners.
Based on the property value and its revenue-generating potential.
Best alternative to hard money loans.
Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
Loans for Fix-and-Flip Investors.
Fast and flexible fix-and-flip loans for real estate investors
Renovations can be hard work. Arranging the right financing solution should be simple and quick.
In as little as nine days, you can obtain up to $2 million in funding for your investment acquisition.
Their ARV loan is designed for independent real estate investors who are often tough to qualify. Based on the property’s “as repaired value” (ARV), it’s the best short-term, interest-only solution for acquiring and improving property value for fix-and-flip investors.
• Allows borrowers to finance improvements.
• Great for borrowers who need a quick close.
• An interest-only 1-year term provides lower monthly payments.
• A higher LTV than hard money lenders.
• Available for Investor 1-4 properties (SFR, condo and 2-4 units).
Even if you have a bankruptcy, you can still get financed after 24 months after the discharge date.
Quick and Easy Qualification for Investors and Small Business Owners With Credit Issues
Investing in residential and commercial properties is a long-term commitment so why should your options be limited? If you’re looking for an easy and quick qualification for your investment property loan, and you have credit issues and high equity, I can help.
Whether it’s a purchase or refinance, this loan offers easy credit requirements for your residential investment and small commercial properties.
• Great for borrowers with a recent bankruptcy or notice of default.
• No seasoning of ownership required.
• Derogatory mortgage history is OK.
• Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
This is a nice opportunity to develop a large lot in Northeast Los Angeles (NELA).
This is a hot area, with a large amount of development going on by investors and builders.
It will be delivered vacant, which is always our first concern.
There is value in this project, whichever strategy you initiate. We have been told that you can build up to five (!) units on this large lot, but do you own due diligence with the city.
Take a look at the numbers: – existing single-family home, 3 beds and 1 bath, is 1314 sf – great lot size! 8242 sf –Delivered vacant! – closing date is August 30 – EMD is $10,000 – Purchase Price is $765,000