Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
07/03/2025
Property Type
Property City
Burbank
Property State
CA
Loan Term (months)
12
Purchase Price
$1,200,000
Loan-to-Purchase Price
86%
Renovation Budget
$410,000
Renovation Budget Funded
100%
After-Repair Value
$2,100,000
Loan-to-After-Repair Value
69%
Property Neighborhood
Burbank
Location Type
Suburban
Interest Rate
10.50%
Origination Points
1.5%
Deal Summary
New Silver recently funded a $1,449,000 fix-and-flip loan for a property in Burbank, California, a desirable neighborhood in the Los Angeles area known for its steady appreciation and strong buyer demand. The loan included $1,039,000 for the purchase and $410,000 for renovations to significantly upgrade the property’s market appeal.
The investor acquired the home for $1,200,000 and is targeting an after-repair value (ARV) of $2,100,000. With a 72% loan-to-ARV, a 12-month term, and a 10.5% interest rate, this project is structured for a profitable exit through resale upon completion of renovations.
Funded By
New Silver
Financing Outside The Box
Dealmakers
Joe DeSalvo
Senior Loan Advisor
Joe DeSalvo is a seasoned real estate professional with over eight years of industry experience, including five years in a commercial brokerage capacity. Since joining New Silver in 2023, Joe has been instrumental in driving business development efforts, focusing on building strong relationships with direct borrowers. His work spans key loan offerings including fix-and-flip, ground-up construction, and long-term rental financing. With a deep understanding of investor needs and market trends, Joe continues to help real estate entrepreneurs access fast, reliable capital solutions to grow their portfolios.