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Altadena, CA - May 2020

Acquisition Price: $820,000

Days Funded: 12

Term: 1 Year

LTV: 80%

This month’s Featured Flip comes from one of CIVIC’s repeat customers in Southern California.

When our investor acquired this Altadena property, he envisioned its incredible potential as it is located in a coveted neighborhood and offers a beautiful view of the San Gabriel Mountains. However, the house itself, originally built in 1947, was an outdated eyesore and was in desperate need of a total remodel!

CIVIC supported our borrower by offering an opportunity to recapitalize and gain liquidity through utilizing our Bridge Financing program. This allowed the investor to refinance mid-rehab and go on to complete the project, transforming this property into an exquisitely modernized farmhouse.

Dull red brick was replaced with a brand new board and batten exterior. The interior, once closed-off and compartmentalized, was revamped to have an open and airy vibe illustrated by natural toned wood flooring, stark white walls, and windows galore.

The new and improved property sold 51 days after being on the market and made a six-figure profit making this a win for our borrower and a win for CIVIC!

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

© 2020 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, ID Mortgage Broker/Lender License #MBL-9610, 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 | Privacy Policy

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Contact Mark Liker (720) 507-5315
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