Closed Deal · #30
Condo in Washington, DC — Fix & Flip
$385,000 · 12-Mo Bridge IO — Condo Reposition
Deal terms
- Property type
- Condo
- Location
- Washington, DC
- Loan type
- Fix & Flip
- Program
- 12-Mo Bridge IO — Condo Reposition
- Leverage
- 80% LTC / 100% Rehab
- Rate
- N/A
- Deal value
- $385,000
How we structured it
Downtown DC condo reposition — walkable to Navy Yard, L'Enfant Plaza, and the Wharf. Institutional-grade building in one of the strongest walk-score submarkets in the metro.
Condo-specific bridge underwriting accounts for HOA financials, reserve adequacy, and insurance walls. Renovated 1-bed units resell to federal workers and young professionals at $550K–$700K. 12-month IO matched to a lean cosmetic rehab (kitchens, baths, floors, paint). Projected net profit: $55K–$85K. ROI on invested capital: 40–65%.
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