Hard money loan for purchase and rehab
Loan Type: Rehab loan
Location/Street Address, City, State: Kaysville, Utah
Original Purchase Price: $248,000
Amount Borrower Spent on Rehab: $35,000
Final Sales Price: $435,500
Interest Rate: 12.5%
A large, family home with an ugly, aboveground pool in the backyard and tons of loft space that was felt unusable, this house was a perfect candidate for a rehab. Using a hard money loan from Private Money Utah for the purchase of this rehab property, the borrower/real estate investor brought this dated, family home up to a contemporary standard and profited handsomely as a result!