Goldleaf 'fix and flip'
Case study two
Review case study two, which illustrates borrower ROI with Goldleaf as opposed to without Goldleaf.
CASE
2
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Case Study Two
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Stuart, FL
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207% ROI
Purchase price: $1,415,000
+ Renovation cost: $225,000
Total cost = $1,640,000
Loan on purchase price (85%): $1,202,750
Loan on renovation cost (100%): $225,000
Total loan amount (87.1% of total cost) = $1,427,750
Liquidity needed (12.9% of total project cost): $212,250
+ Loan closing costs (1% of loan amount): $14,278
Total cash to close = $226,528
After renovated value (ARV): $2,235,000
Sale closing costs (5% of ARV): ($111,750)
Net ARV= $2,123,250
Net ARV: $2,123,250
Project cost (total cost + closing costs): ($1,654,278)
Net profit (Net ARV – project cost) = $468,973
Borrower ROI ($468,973 ÷ $226,528): 207%
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Case Study Two
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Stuart, FL
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310% ROI
Purchase price: $1,415,000
+ Renovation cost: $225,000
Total cost = $1,640,000
Loan on purchase price (85%): $1,202,750
Loan on renovation cost (100%): $225,000
Total loan amount (87.1% of total cost) = $1,427,750
Liquidity needed (6.45% of total project cost): $106,125
+ Loan closing costs (.5% of loan amount): $7,139
Total cash to close = $113,264
After renovated value (ARV): $2,235,000
Sale closing costs (5% of ARV): ($111,750)
Net ARV= $2,123,250
Net ARV: $2,123,250
Project cost (total cost + closing costs): $1,654,278
Net profit (Net ARV – project cost) = $468,973
75% Borrower net profit (Net ARV – project cost) = $351,729
Borrower ROI ($351,729 ÷ $113,264): 310%
Simple application process
Getting started is easy with just a few simple steps.
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1
Online Application
Submit an application with our simple application process.
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2
Schedule Call
Schedule a call with one of our experienced team members.
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3
Upload Documents
Upload your documentation through our online portal.
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4
Close Funding
Once everything is in place, close on your funding!
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5
Repeat!
Repeat the same simple process for your next project.
The
Benefits
As depicted above, there was a 103% higher ROI, it took 50% less cash to close, and it only took 6.45% liquidity of the project cost in order to get funding.
103%
Higher ROI
50%
Less cash to close
6.45%
% of project cost liquidity needed
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