Check out this high end flip in Mountain View from one of our clients. They did a great job with the remodel. Lantzman Lending is a hard money lender did a loan for the client for $1,750,000 on a purchase price of $2,065,000. The property sold for $2,580,000 in January 2021.
Lantzman Lending lends throughout California. On our fix and flip loans we offer the following terms:
- Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
- 1.5 – 3.0 points on most 6-18 month loans
- From 8.49% interest depending on LTV
- Rehab portion of loan held in Fund Control and released on draws (same day release)
- Interest is paid only on drawn amount of loan
- No prepayment penalty, extensions available
Link to loan types: https://www.lantzmanlending.com/loan-types/