$250,000 Lynnwood Home Acquisition & Rehab

After much research on the available private loan programs in the Pacific Northwest, this Lynwood borrower decided to pursue a bridge loan for the acquisition and rehab of his first investment property. The 6 bedroom home is located on a large sub-dividable lot in a neighborhood experiencing development and growth. The remodel will entail new paint, flooring, water heater, furnace and a new roof.

Once all of the updates have been completed, the borrower intends to rent the home, begin to subdivide the property to gain an extra lot, and secure long term financing.