Optimus Capital has recently closed on a Fix and Flip loan in HoustonTX for a borrower during the COVID-19 pandemic.The real estate investor was looking for a non owner occupied fix and flip private money loan that would offer purchase and rehab / renovation funds. We were able to issue a loan which provided 80% LTV (loan to value) plus 100% of the renovation funds.
Optimus Capitalis backed by institutional level investors which allow us to reduce the cost of our residential property loans compared to other private lenders. We pass the savings on to you with lower interest rates and fees in order to maximize the benefits that we offer to you. In building a strong relationship with us, our hopes are that you come back to us for financing your complete rental portfolios and allow us to save you money on all of your current and future investments.
Below is the general overview of the loan:
- Single Family Property
- Loan Type: Fix and Flip Loan
- Purchase Price: $95,000
- Rehab Amount: $51,500
- Loan Amount: $76,000
- ARV: $175,000
- Loan to Value: 80%
- Rate: 9.45%
- Vested Title: Entity
- Experience: 10+ Past Transactions
The subject property is a 3 bedroom 2 bath single family home located in Houston TX. It has over 1420 square feet.The single family house is located on a 7,150 lot which has 2 parking spaces. The house is located in Harris county and has schools nearby. The real estate investor has plans to remodel the property. There will also be a new roof installed. The exterior and interior paint will new. The trim and baseboard will be replaced. The real estate investor will fix current foundation issues on the property. Sheetrock, plumbing, and electrical will be updated.
The property is located in
We provide real estate investment financing by offering rental loans for single family properties throughout Texas as well as across the United States nationwide..
Optimus Capital fix and flip loans allow borrowers to purchase, finance, and acquire solid single family property deals which they intend to fix and flip the properties. Optimus Capital allows them to save money with lower interest rates and reduced fees.
Optimus Capital private money loans allow for flexibility, lower rates and higher rates of return because of our institutional level investing and customer-centric investor mindset. The more money we can save you in finance charges, the more you have to invest.
Our Founders, being real estate investors, understand that when an investment opportunity presents itself that capital is necessary and we want to empower you. Optimus Capital Loans give you the flexibility with excellent terms, often lower than what’s offered by many lenders.
Optimus Capital is a full-service direct hard money lender and we can streamline all your Single Family Fix and Flip Loans to assist you in building your real estate portfolio.
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