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!

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Loan Status