Hollywood SFR Fix & Flip
Lone Oak Fund, LLC provided acquisition financing on a 2,200 square foot single family residence in Hollywood. The borrower, an experienced real estate investor, plans on renovating the 1960’s home and reselling it for profit.
| Loan Amount: | $582,000 |
| Purchase Price: | $895,500 |
| Loan to Cost: | 65% |
| Interest Rate: | 8.30% interest only |
| Term: | 12 months |
| Origination Fee: | 2.0 points |
| Broker Commission: | $8,730 |
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