Rancho Mirage, CA

This fix & flip project was purchased for $435,000 in July of 2022. The investor completed $220,000 of rehab over 12-months and increased the value of the asset to $1,050,000. Since summer time is not the most optimal selling market in the Coachella Valley, the investor looked to Brenance to offer a 12-month bridge loan. The home is expected to be sold within 6 months.