Zoned RD 1.5 – Build Up To Five Units
In the Heart of North East Los Angeles!
340 N. Ave 51 Los Angeles, CA 90042
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
– closing date is August 30
– EMD is $10,000
– Purchase Price is $765,000
|Hard Money & Private Funds Available for Investors|
|Loans from $75,000|
Not many lenders arrange loans as small as $50,000. We will!
|Fix and Flip|
We lend up to 90% of the purchase price and 100% of the renovation budget. In addition, we don’t charge interest payments on the rehab dollars until it is drawn.
|Competitive rates and fees |
You came to the right place if you are looking for a private or institutional hard money!
|Bail Out Loans|
An equity-based program. If we can keep it under 65% LTV, we can bail
you out in 7-10 days. (Only CA and TX)
|Commercial, Land, Agricultural and Specialty Properties|
Commercial, apartments, land, Wearhouse, partially completed construction projects, industrial, automotive and many other types of properties are those we lend on.
|2nd and 3rd Mortgages|
We arrange second and third mortgages every month. (Only CA, TX)
|Construction Completion/Development Project|
Got construction project? We have multiple ways to structure your file, so you can complete your project and get it sold!
Do you need working capital/payroll/expansion for your business? We
can fund in 5-7 days. To qualify, all we require is the business to be
established for at least 6 months and provide 6 months business and
credit card-merchant processing statements.
Long Term Rental Loan Programs We offer 5,7,10 and 30-year fixed term, starting at 5.875% rate and can
leverage up to 85% LTV
Nationwide Fix and Flip Funding Programs:
NO CREDIT REPORT
NO BACKGROUND CHECK/UPPER COURT SEARCH
CLOSE IN 5 DAYS
ONLY PAY INTEREST ON OUTSTANDING BALANCE
LOWER RATES and MAXIMUM LEVERAGE to NEWBIES
Lender will fund up to 90% of purchase and 100% of rehab with no previous experience up to 75% ARV.
Below are the parameters for the financing program:
90% of Purchase
100% of Rehab
12 month term
Up to 75% ARV and 75% AIV
Min loan of $75,000 / Max loan of $5,000,000
Entity Borrowers Only
525 min Credit Score
NO HARD Credit Pull
NO Experience Required
Option for interest being charged only on funded balance
Option for NO PERSONAL GUARANTEE
East Coast Hard Money Loans
We fund 100% of construction and acquisition up to 65% of the ARV. We can approve the same day and close in 24hrs. Normally we are about 1.167% per month for a 12 month note. The money is 6 points at the table. cash out refi investors and buy/hold/refi
Maryland, Philadelphia, PA, New Jersey, Virginia, Delaware, Washington, DC
Leave Your Loan Scenario Below
I’m direct to the owner of the sub-divisions and he is a veteran builder. He can partner with you to build some beautiful homes in higher or lower price ranges!
Finished Lots in Genesee County Michigan
35 Finished Lots in Burton, Michigan
If interested Contact Me Direct!
Retiree looking to liquidate his portfolio. He purchased the properties in 06-07, He is a CA investor that has a long time manager who lives in the area that keeps the properties rented. They receive ½ mos rent credit, and a cash bonus on top of that if they replace a tenant. Currently they are all rented, except one which is being cleaned up and there are multiple applicants who’ve applied for these properties. There is no problem keeping them rented. On a beautiful gated community with a PGA Golf Course
- The properties bring in $10,015/mos
- $120,180 – Income Annually
- $10,700 – Insurance
- $12,018/yr Property Management
Five of the properties that are within Holly Lake Ranch, a 5,000 acre gated community, have Association dues of about $5,800-$6,600/yr, He passes this cost along to the tenants in the rent – $110/per month.
You can purchase 5 properties in Holly Lake Ranch for $374,750
Price – $882,450. 16,299 Sq. Ft of property. (12 SFR’s)
For the addresses, Inquire below: