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State
Maryland
Loan Type
Fix and Flip
Loan Amount
$656,500
Loan Amount (if applicable)
82.5% of Purchase + 100% Of Rehab
Rate
10.99%
Points
2.0%
Maryland Deal Summary
Ridge Street Capital financed a $979,750 loan for a fix and flip project in Bethesda, MD, helping an experienced investor acquire and renovate a dated colonial-style home in a sought-after neighborhood. The loan covered 85% of the purchase price and 100% of the rehab costs, capped at 70% of the after-repair value (ARV). With plans for a full interior modernization, including a kitchen overhaul, luxury finishes, and an open-concept living space, the investor aimed to attract high-end buyers in a competitive market. The deal was structured with a 10.99% interest rate and 2.25% origination points, providing the borrower with the flexibility and capital needed to maximize profitability.
Keyword Highlights:
- Competitive LTV: Funded 85% of the purchase price and 100% of the renovation costs, capped at 70% ARV.
- Moderate Rehab: The project required moderate remodeling work with no major structural issues.
- Terms: Structured at 10.99% interest with 2.25% points, optimizing the investor’s leverage and returns.
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