Stockton Residential Hard Money Rehab Loan Funded

Chris Goulart

This property is an entry level residential home in the Stockton area.  It was purchased for below market value with rehab work needed to give it some curb appeal and modernize the interior.  Our client on this transaction has a history of successful rehab projects, and typically has the rehab completed and property back on the market in a matter of a couple of months.

Stockton Rehab Hard Money

Most of the work done on this property was cosmetic – the exterior was painted to give it more curb appeal.  In addition, the kitchen and flooring was redone to give it a more modern look.  The hard money loan for this transaction included interest reserves to make payments while the work was being done as well as a fund control account to fund the rehab work needed.

These rehab loans are short term, this one was for 12 months, with no prepayment penalty.  We expect this loan to be paid off well before the twelve month mark, and the client will be refunded any unused interest reserves that remain should the property be sold before they are used.  In addition, we required no appraisal on this transaction, instead sending the investors to the property for a site visit to view the subject property and comps to support our after repair value.

Stockton After

This transaction is one of many we have successfully funded for our client, and as his real estate investing experience grows we look forward to continuing to fund his rehab transactions.  Visit our rehab lending page for more information on how we can help fund your fix and flip transactions.

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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