Just Closed! 90% LTV + 100% Rehab in Palm Springs CA

[Steve S.]

I am very happy for a new client of mine that was able to purchase a golf course property in Palm Springs CA way below market value. We were able to approve him up for financing at 90% of the purchase price while also providing him 100% of the rehab funds.

There are some really good deals out in Palm Springs these days. I know the marketing time is a little longer than Los Angeles or Orange counties, but there are deals to be had out there for sure. I know Southern California investors want to stay close to home, but the desert area is only 2-3 hours away. This guy stands to make $100,000 - $150,000 profit when it sells with only putting about $20k - $30k in rehab. Not a bad payday for 3 - 6 months of work.

I would call this a success story!!