Fix & Flip – Culver City, CA

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Note Size: $1,610,000
> $1.0MM Remaining

2023ca3017

Note ID

1,714 SqFt

Size

3

Bedrooms

3

Bathrooms

Description

This is a medium sized rehab to convert a non-conforming duplex into a beautiful single family home. The renovation is ~50% complete and the property will be listed for sale in early March 2024. The project is ahead of expected time frame. The loan has interest in reserve through March 2024.

The borrower is a very experienced real estate investor and developer out of California with substantial experience in the past 5 years.

Address

Address: 3017 Sentney Ave, Culver City, CA
  • Country: United States
  • Postal code / ZIP: 90232
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  • Note ID 2023ca3017
  • Price Note Size: $1,610,000
  • Property Type Single Family
  • Property status > $1.0MM Remaining
  • Bedrooms 3
  • Bathrooms 3
  • Year Built 1956
  • Size 1,714 SqFt
  • Label Partial Note, Whole Note
  • Note Type Fix & Flip
  • Whole Note - Annual Yield (%) 13.0%
  • Participation - Annual Yield (%) 13.0%
  • Loan Maturity Date (MM/DD/YY) 08/01/24
  • Property Current Value ($) $1,360,000.00
  • Property Construction Budget ($) $275,000.00
  • Property After Repair Value ($) $2,135,000.00
  • Loan to After Repair Value (%) 75%
  • Loan Exit - Est. Profit ($) 67.30%
  • Loan Exit - Est. Profit (%) 67.30%

Supporting Documents

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Sponsor & Guarantor

Sunayana B.

Sunayana is a very experienced real estate investor and developer out of California with substantial experience in the past 5 years.
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