Tacoma Fix and Flip Loan[break]Washington State’s distressed real estate market offers significant opportunities for local investors seeking to fix up and resell foreclosure auction properties and distressed homes at a profit. Here’s a snapshot of one of our recent deals from Tacoma.
LIBERTY CAPITAL DEALSHEET[one_half_last][/one_half_last] DETAILS: The subject property was purchased for $117,000 with a $125,000 fix & flip loan through Liberty Capital. The buyer will spend roughly $25,000 on targeted interior remodel improvements, including kitchen and bath updates to spruce up the home. Thanks to financing through our all-in-one loan solution the home will be remodeled and back on the market within a month where the buyer expects to fetch $180,000 – $190,000 for the improved property.
- LOAN FUNDED: $122,000
- FINISHED PROPERTY VALUE: $190,000
- DATE: Funded in July 2012
- LOCATION: Tacoma – Pierce County (Residential)
- TYPE: Fix & Flip Loan – 6-Month Term
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Veristone does not finance owner-occupied properties.
This property is not owner-occupied.