Project Funded
3429 Chestnut Street, Oakland, CA
Investment Offering: $500,000
Type of Offering: Senior Debt Financing
Loan To Value: 76%
Proposed APR: 10% Annual
Term: 9 Months
AS IS Value: $500,000
This 2 story house was in need of a major restoration. The Flip company that purchased it had shoring put in place and then 18″ of soil excavated out from underneath the home. Added all new foundation and obtained legal sq footage by creating a 3rd lower level. The property now is at about 70% renovation and the project is going well and should be on market for resale in May.