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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

LTV: 79%

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' >>

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Civic Financial is an Equal Housing Lender

© 2019 Civic Financial All Rights Reserved. Located in Redondo Beach, California, Civic Financial Services LLC is a leading private money lending provider servicing the greater Los Angeles, Dallas, Phoenix, Seattle, Portland, Denver, Miami, South Beach, Tampa, Sarasota, San Diego, San Francisco, Irvine, Las Vegas, San Jose, Riverside, San Bernardino and surrounding communities. Civic specializes in short term, non-owner occupied and investment properties financing utilizing private hard money and bridge loans.

This is not a commitment to lend. Restrictions may apply. LTV limit is based on current, accurate appraised value. Civic Financial Services, LLC reserves the right to amend rates and guidelines. All loans are made in compliance with Federal, State, and Local laws. Civic Financial Services, LLC is a California Finance Lender under NMLS 1099109 and the California Department of Business Oversight License #603L321, AZ Mortgage Broker License #092863, FL Mortgage Lender Servicer License #MLD1536, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, UT DRE Mortgage Entity License #10570639. Civic Financial Services, LLC is an equal opportunity lender. Powered by Lenderd.com - Mortgage Websites

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Contact Dave Rooker (702) 637-2818
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