Pacific Private Money just closed a $563,000, 75% LTV loan on a fix and flip purchase in Mill Valley.The subject property is 1,239 sq. ft. SFR on a 8,276 sq. ft. lot in a desirable neighborhood of Mill Valley. Marin County’s real estate market continues to see rising prices while inventory remains limited.
The borrower has great credit (782 mid score) and verified liquidity and retirement accounts over $3.3 million. He came in with 25% down plus closing costs (approx. $220,000).
Due to the borrower’s need for speed, conventional financing was not an option. Pacific Private Money sourced private equity and efficiently closed this Mill Valley purchase.