This month's featured loan is a fix & flip on a single-family residence in Renton, WA – a market with strong buyer demand and solid resale fundamentals. Cascara Capital structured the deal to cover both acquisition and rehab, giving the borrower the capital to execute a full renovation and deliver a clean exit.
Cascara Capital funded this Renton fix & flip at $426,000 – including $100K in rehab financing – structured at 71% LTV and 78% LTC with a 6-month term. The borrower completed the renovation and sold the property for $690K, generating an estimated $150K in profit. It's a clear example of how the right loan structure sets a borrower up to maximize returns from acquisition through sale.