The Real Estate Investor's Magazine

Huntington Beach Hard Money JV Equity Profit Sharing Deal Funded!

We Funded a hard money loan in the city of Huntington Beach with our Private Money Fix n Flip Profit sharing program. This loan was submitted by a mortgage broker out of Newport Beach. We funded this transaction in seven business days! The borrower was a real estate professional that has been operating for seven years with a track record. He buys distressed assets with his LLC in the orange county areas of Huntington Beach, Newport Beach, Corona Del Mar, crystal cove and laguna beach. He was a little low on capital, so we did our Fix n Flip Equity Profit Sharing loan program. Loan Docs were in escrow 24 hours after the appraisal came in, We funded the day after the borrower signed loan docs! This was a Win-Win for Both Borrower & Investor with this Joint Venture Trust Deed Investment.

For more information about This program & Other Hard Money Programs Feel Free to call me direct

at 949.836.5004 or email me directly. | Brokers Welcomed!

Its easy! 10% of the whole project from the borrower & we will put up 90% of the whole entire project up to 70% of the After Repair Value, case by case we may go higher! Here is what the numbers looked like below. Thank You!

$865,000- After Repair Value/Final Sales Price

$100,000-Rehab

X 70%ARV= $605,500- Loan Amount

$537,500 Purchase Price

$100,000 Rehab

$3,000 Title/Escrow

$34,000Points/Fee/Builder Control Fund Cost & submitting brokers fee

$674,500

$674,500 - Total Cost to do the deal

$605,500 - 70%ARV Loan Amount

$69,000- Mr. Borrower is bring this in to escrow to close the transaction

$865,000

$605,500 -

$259,500

$10,812.50 - 1.25% Sellers Concessions

$248,687.50

$43,250 - 5% Realtor Commissions

$205,437.50

$69,000 - Mr. Borrower gets his investment back

$136,437.50 - Net Profits

Mr. Borrower gets $68,218.75- 98.866% Return on Investment

Investor/Equity Partners gets $61,225

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ALTA Good Deeds Foundation Awards $126,000 to Support 21 Local Nonprofits Nationwide

The American Land Title Association (ALTA) Good Deeds Foundation, a registered 501(c)(3) charitable organization founded by ALTA, the national trade association of the title insurance industry, today announced $126,000 in grants to 21 nonprofit organizations across the United States, supporting charities that work at the local level to expand housing opportunity and strengthen communities.

The post ALTA Good Deeds Foundation Awards $126,000 to Support 21 Local Nonprofits Nationwide first appeared on Realty411.com.