Recently Funded Fix & Flip Loan In San Antonio TX

Loan Scenario:

Located in the vibrant city of San Antonio, this property is undergoing significant renovations, transforming it into a boutique living space. The planned improvements include remodeling and finishing both bathrooms, interior painting, and extensive flooring installations throughout the home. The estimated completion date for these renovations is projected to be within the next few months.

To facilitate this transformation, a fix and flip loan of $144,095 was secured. This loan equates to approximately 92% LTC, covering a percentage of the purchase and all renovation costs associated with the project, ensuring that funds are allocated effectively across various phases of rehab. Key line items in the draw schedule include cleanup, interior and exterior painting, demo work, flooring installation, and the finishing touches on both bathrooms. Notably, all expenses incurred are financed, demonstrating a strategic approach to managing the budget while enhancing the property’s market value.