Flip Opportunity in La Jolla, CA - Financing Included

[Clayton Danly]

We are  looking for a partner on the project outlined below. Please give me a call or send a message if you're interested and I can disclose the address. Property is sold as-is with an inground pool that needs some work to remedy deferred maintenance. 

Property:

3 bed / 2 bath, 2,959 sqft, 0.25 acre lot 

Purchase Price: $1,819,000 
After Repair Value, estimated: $3,500,000 with remodel

Closing Date: 10 days after offer is accepted 

Investor Financing Terms: 

Purchase Loan Amount: $1,455,200 - 80% LTV
Interest Only Payments: 8.50% - 9.5%
Loan Term: 12 months with no pre-payment penalty

~~Rehab Financing available between 80-100% of rehab budget.