Laguna Beach, CA – October 2019

Rehab Financing: $770,000

Term: 1 Year

LTV: 79%

For this flip, the borrower’s current lender was only able to offer 50% of the rehab budget, so CIVIC stepped in for the win.

The refinance and rehab of this breathtaking So Cal property was made possible by financing with a CIVIC bridge loan and Rehab Pro. Although the property was slightly in disrepair, the borrower had a strong FICO and significant experience flipping in the Laguna and Manhattan Beach areas.  With the property situated on a cliff, a foundation report was required — but our client (also a repeat CIVIC borrower) was happy to provide.

CIVIC was able to provide 100% of the rehab costs through our Rehab Pro program, helping the borrower save a substantial amount throughout the entire process. Now listed for sale, CIVIC is proud to have had a hand in helping our client maximize the potential of this stunning property.

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Loan Status