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Pebble Beach Hard Money Rehab Loan Funded

Chris Goulart

This is a recently funded Pebble Beach hard money rehab loan for one of our long term clients. The borrower has years of construction experience and has completed major projects in the past. This project includes the addition of almost 1300 square feet, and a big strength of the file is the experience brought to the table.

The property is located in a highly desirable area of Pebble Beach and sits on a lot of almost 10,000 square feet. Once completed, the property will be just under 3,000 square feet with modern upgrades throughout.

The property is currently in need of rennovations to bring it’s dated finishes up to par with other properties in the area. The kitchen will be enlarged, a bedroom and bathroom will be added and a new walkway will be constructed, giving the finished property great curb appeal.Pebble Beach Hard Money

The cost of the rennovations on this transaction is just over $450,000, while the purchase price is just under $700,000. The estimated as complete value of the property is just under $2,000,000, creating a large profit potential on this transaction.

Due to this large profit potential, our history with the borrower and his experience in construction, we were able to not only help fund a rehab loan based on 65% of the ARV, but also we were able to help with equity funding, allowing this transaction to close with minimal cash in from our client. While going this direction means giving participation to the equity investor, the benefits of not having to use existing cash on hand often outweigh the costs for those looking to leverage their time and/or existing resources to do multiple projects at one time.

In general, our rehab hard money loans will go up to 65% of the after repair value, or ARV. We can also work with construction completion projects and even ground up deals if the numbers work. For those with experience and deals with excellent profit potential, we can also assist our clients in obtaining an equity or gap funder to work with them. Read more about our hard money rehab loans, or give us a call today to discuss your particular scenario at 877 462 3422.

Google Users Reviews

Roseanne Baker
Roseanne Baker
18:45 07 Sep 18
Chris is extremely professional, is a hard worker, always responds back to my emails/calls promptly, and is an expert as what he does. I will definitely recommend him to anyone that is looking for lending services and I will continue to use him for all of my lending needs in the future. You will not be disappointed with his services.read more
lorraine pitre
lorraine pitre
18:44 07 Jun 17
I used All California Lending to provide me with a hard money loan. My loan representative was Chris Goulart. I needed the loan to close in 15 days. Mr. Goulart was able to close the loan in the time frame expected. Several things I admired about Mr. Goulart was that he had great communication via email, text and/or verbal. He was always available. I was even out of the country while he was processing the loan. I came back and the loan was completed. 5 Stars!!!read more
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