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1 East Austin Bungalow.

1 Savvy Investor.

Streamline Funding In His Corner.

$510,000 Of Magic.

Project Background

This bungalow in east Austin, originally built in 1939, was in dire need of more than just a facelift–it needed a full overhaul. But a seasoned client came to Streamline with his vision for the project: to turn it into a hip, modern single-family gem, sweeten the pot by adding an additional ADU unit, and flip it, in one of the hottest neighborhoods in the country. We said “Let’s go.”
Together we drew up a custom fix & flip + new construction loan that enabled our client to purchase the property fast, for $626,000 cash, plus a vertical construction budget of $410,000. That total loan amount came to $990,000.
When all was said and done, he turned that into an aftermarket value of $1.5 million.
  • LOAN PRODUCT: FIX & FLIP/NEW CONSTRUCTION
  • ACQUISITION COST: $626K
  • VERTICAL CONSTRUCTION COST: $410K
  • UNITS: 2
  • ARV: $1.5M
  • LOAN AMOUNT:$990K
  • LENDER FINANCED COSTS: 95%
  • RATE: 11%
  • POINTS: 2.75%
  • TERM: 24 MONTHS
  • EQUITY FROM SPONSOR:5%
  • INVESTOR EXPERIENCE: 5+ FLIPS IN PREVIOUS 3 YEARS
  • MID FICO: 700+

After 

Before 

PUT STREAMLINE IN YOUR CORNER

Connect with one of our loan specialists today.

let's go
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