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South Pasadena, CA - September 2019
Acquisition Price: $1,071,000
Resale Price: $1,749,000
Days Funded: 16
Term: 1 Year
The acquisition of this breathtaking fix and flip was made possible by financing with a CIVIC bridge loan.
The borrowers are repeat clients of CIVIC, with significant experience flipping in the Pasadena area. After completing roughly $249,000 worth of rehab, they increased the property’s value and sold it for $1,750,000 — slightly higher than both CIVIC and the borrowers expected.
The total hold time for this project was 6 months with roughly a 26% return on investment. The entire CIVIC team was excited to have a hand in supporting this investor win!
Take a look at all of the before and after images below, or Click Here to check out another 'Flip of the Month' >>