Loan amount
$3,400,000
Loan type
Refinance {Fix&Flip}
After Repair Value
$7,490,000
ARV
45% {ARV}
Property type
Single Family
Borrower Details
Credit score
700
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Dana Point
State
California
Loan Details
Current mortgage balance
$3,000,000
Cost of improvements
$400,000
Estimated property value after repairs
$7,490,000
Additional Loan Information
Currently MLS listed SFH on 80' Knolltop permanently unobstructed 40mi long sit down White Water pano. views, fully blueprinted hard and landscaped in '12, 5500ft custom home by Habitat AEA and Holdenwater/Cammacks/David Michael Design in 2012, has gym, theater, jacuzzi, sauna, speakers in ceiling, 2nd full kitchen, wood panel office, smart bidet toilets, heated floors, new tankless/Comm HVAC units x3. currently listed at $5.9M @1K/Ft w/ Conservative upside of 30-40% post rehab upside based on recent sales inc. Best and most recent comp (34148 Chula Vista, Dana Point) sold this October for $6.3M @$1400/ft. Lesser view, no backyard, similarly not gated and 1k ft smaller.
Suggested Upgrades. New Designer Display Kitchen from renovationangel.com (Bulthaup, Snaidero etc at 70% off, inc Tear out and Haul Away existing), New flooring for 3 bdrs , 2 staircases and landings, plus new modern railings for stairs, cardio gym equipment install, refinish exterior smooth stucco in Santorini white, convert storage room @13x13 to new addl Bedroom, (has existing door to exterior), ,Main /Entrance level, install new Coverglassusa.com frameless glass wall 50' width for WOW EFFECT and certain salability. 949-656-9141
Status
Created
January 23, 2024 - 6:29am

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