These are two San Francisco Bay Area rehab loans we closed. One is located in Berkeley, the other in Livermore. Both loans were done based on the after repair value of the property, and both had fund control set up for the work to be done as well as interest reserves to make loan payments.

The first transaction was a Berkeley rehab loan that we did secured by a 3 bedroom, 1 bathroom home that was 1105 square feet in size.  The rehab on this property included full kitchen and bathroom updating, as well as new flooring throughout the home.

The purchase price on this transaction was $380,000, and the rehab budget was $26,500.  Based on comparable sales in the immediate area, the after repair value (ARV) was $580,000.

We facilitated a $350,000 hard money rehab loan on this Berkeley property.  The loan included interest reserves for 6 months and a fund control account to cover the cost of rehab.

The second San Francisco Bay Area rehab loan we will look at today was a Livermore rehab transaction.

This Livermore rehab transaction was secured by a 3 bedroom, 2 bathroom home that had 1298 square feet of living area.

Rehab on this transaction included fully updating the kitchen and bathroom, as well as installing new flooring throughout the home and some landscaping to improve curb appeal.

The purchase price on this one was $244,900, with $33,692 in rehab work to be done.  Based on comparable sales in the immediate area, the estimated after repair value here was $365,000.

We put together a $230,000 hard money rehab loan for this Livermore property.  This one also included 6 months of interest reserves and a fund control account to cover the cost of rehab.

For more information about our rehab loans, please visit our rehab loans page or give us a call directly at 877 462 3422.