Closed Deal · #37
SFR in Washington, DC — Fix & Flip
$1,065,750 · 12-Mo Bridge IO — 87% LTC + Rehab Holdback
Deal terms
- Property type
- SFR
- Location
- Washington, DC
- Loan type
- Fix & Flip
- Program
- 12-Mo Bridge IO — 87% LTC + Rehab Holdback
- Leverage
- 87% LTC
- Rate
- N/A
- Deal value
- $1,065,750
How we structured it
A seven-figure rowhouse renovation on 16th Street NW — one of the strongest north-south corridors in the District, walkable to Columbia Heights and Mount Pleasant with sustained demand for finished single-family product.
Structured at 87% of total cost with a $200,500 rehab holdback released across inspected draws, so the sponsor carried minimal cash into a heavy scope. Deals at this basis live or die on the renovated comp set and on draw discipline — both were underwritten up front rather than negotiated mid-project. Figures reflect this transaction; every deal varies.
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