The property renovations shown below were made possible with the hard work and talent of a real estate investor using Anchor Loans short-term construction financing.
CONSTRUCTION FINANCING in FREMONT, CA
PURCHASE PRICE: $1,050,000
SOLD PRICE: $2,485,000
Inspired by the Spanish style of the existing property, our borrower created a masterpiece with this striking transformation. The architectural changes and the classic arched windows, stucco siding, and red tile roof, as well as the addition of the decorative stucco wall and ironwork fencing, gave this property next level curb appeal.
The Spanish-style design focus continues in the interior of the home and the result is nothing less than fabulous. Traditional wood floors and natural stone accents compliment modern metal fixtures and plenty of natural light. The addition of a detached ADU in the rear of the property means the buyer of this fantastic home has an additional home on the property that can serve as a mother-in-law suite or a source of rental income.
Our borrowers purchased this Fremont, California investment property for $1,050,000, and after spending $609,000 on the rebuild, the home sold for $2,485,000.
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HOUSE FLIPPING LOAN in LOS ANGELES, CA
PURCHASE PRICE: $1,100,000
SOLD PRICE: $1,625,000
This outdated home had loads of potential and our borrower saw it and capitalized on the beautiful bones that were there. The striking contrast of natural wood and the bold blue front door beckon to buyers to come in and see what beautiful design choices were made on the interior of the home.
The interior design features more striking contrasts pairing natural wood flooring and a wood feature wall, stark white cabinetry and counters, and huge windows letting in lots of natural light.
Our borrowers purchased this Los Angeles, California investment property for $1,100,000, and after spending $120,000 on improvements, the home sold for $1,625,000.
CONSTRUCTION FINANCING in RICHMOND, VA
PURCHASE PRICE: $964,000
SOLD PRICE: $2,528,000
Although the exterior of this little home didn't need much more than new paint and landscaping, the interior received a much-needed injection of light, light and more light. Maintaining many of the traditional elements, like the brick fireplace and antique baseboards, the investor kept it sweet and simple.
Our borrowers purchased this Richmond Virginia home for $53,000, and after investing $55,000 in improvements, the home sold for $205,000.