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State
Georgia
Loan Type
Fix and Flip
Loan Amount
$460,000
Loan Amount (if applicable)
90% of Purchase + 100% Of Rehab
Rate
10.99%
Points
2.25%
Georgia Deal Summary
This 4-bedroom, 3-bathroom property in Atlanta presented an exciting opportunity in a desirable neighborhood. Purchased for $400,000, the investor allocated $100,000 for an extensive renovation, including layout enhancements, modern finishes, and exterior improvements. With an after-repair value (ARV) of $625,000, the project was primed for a profitable exit. Ridge Street Capital supported the deal with a $460,000 loan tailored to the investor’s needs.
Keyword Highlights:
- High Leverage: Covered 90% of the $400,000 purchase price and 100% of the $100,000 rehab budget.
- Low Rate: The client's other lender was offering terms at 12.5%.
- Quick Closing: Loan closed within approximately 2 weeks, ensuring the investor could secure the property on schedule per the purchase contract.
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