The property renovations shared below were made possible with the talent and hard work of an Anchor Loans borrower using capital from a short-term hard money bridge loan from Anchor Loans.
HARD MONEY LOAN LOS ANGELES, CA
PURCHASE PRICE: $550,000
SOLD PRICE: $1,375,000
It takes creativity and vision to look at a pile of leftover two by fours and see not one, but two beautiful homes on this Los Angeles property. While working out his construction plan for the home, the investor took the opportunity to add an ADU ( accessory dwelling unit ) that can be used by the home buyer as a mother-in-law suite or a rental property.
Keeping with the architectural style of neighboring homes, the investor included Spanish style details on the exterior and interior. The arched windows and Spanish tiles on the exterior beautifully complement the modern open concept in the interior -- pairing modern clean lines with classic interior arched doorways and stunning design choices.
Our borrowers purchased this Los Angeles property that had been abandoned by previous investors for $550,000, and after spending $380,000 on improvements, the home sold for $1,375,000.
CONSTRUCTION LOANS IN LOS ANGELES, CA
PURCHASE PRICE: $1,500,000
SOLD PRICE: $3,684,000
This flip investor decided the existing home on the property just would not provide the best possible home for future buyers, so the investor planned a ground-up rebuild, opting for an ultra-modern concrete exterior.
The ultra-modern theme is carried through the interior design choices as well, with glass stair railing, super sleek kitchen cabinetry, and beautiful master bedroom built-ins.
Our borrowers purchased this Los Angles property for $1,500,000, and after spending $1,650,000 on the rebuild, the home sold for $3,684,000.
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HARD MONEY BRIDGE LOAN LOS ANGELES, CA
PURCHASE PRICE: $1,775,000
SOLD PRICE: $4,995,000
Light, light and more light! This investor replaced an utterly nondescript little house with a beautiful new home filled with light. Huge windows, earth tones, and the use of natural wood throughout bring the outside in and create the ultimate zen in this fantastic rebuild.
Our borrowers purchased this Los Angeles, California home for $1,775,000, and after investing $1,500,000 in improvements, the home sold for $4,995,000.