Recently Funded Fix & Flip in Lompoc, CA
In June 2024, one of our seasoned investors embarked on a fix-and-flip journey with a property that delivered results faster than most projects on the market. With funding assistance from Lantzman Lending, the investor acquired the property at $415,000, and we financed $360,000 to support their vision. Through streamlined renovations and strategic project management, the property was ready for listing in less than two months—a remarkable feat in real estate. It went pending in under two weeks and closed above list price at $605,000 in October. This project highlights how our hard money loans empower experienced investors to execute flips with speed and efficiency, showcasing why we’re the go-to lender for quick, reliable capital.
The Santa Barbara County real estate market saw significant growth in September 2024, with home prices experiencing a 19.2% year-over-year increase. The median home price now stands at $1.0 million, reflecting strong demand in this picturesque coastal region. Despite rising prices, homes are taking slightly longer to sell, with an average market time of 42 days, up from 34 days in the previous year. The increase in sale volume, from 201 homes in September 2023 to 214 homes this September, indicates sustained buyer interest. This combination of rising prices and increased sales activity suggests a competitive market, likely driven by Santa Barbara County’s unique appeal and limited housing inventory.
Are you ready to embark on your next real estate venture? Contact Lantzman Lending today and discover how we can support your success with flexible, efficient, and tailored financing solutions. Let’s build something great together. Lending throughout the California, Nevada, and Most of the Western USA.
