Goldleaf 'fix and flip'
Case studies
Review some of our recent case studies, which illustrates borrower ROI with Goldleaf as opposed to without Goldleaf.
CASE
1
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Case Study One
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Fayetteville, NC
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101% ROI
Purchase price: $350,000
+ Renovation cost: $100,000
Total cost = $450,000
Loan on purchase price (80%): $280,000
Loan on renovation cost (100%): $100,000
Total loan amount (84.4% of total cost) = $380,000
Liquidity needed (15.6% of total project cost): $70,000
+ Loan closing costs (4% of loan amount): $15,200
Total cash to close = $85,200
After renovated value (ARV): $600,000
Sale closing costs (8% of ARV): ($48,000)
Net ARV= $552,000
Net ARV: $552,000
Project cost (total cost + closing costs): ($465,200)
Net profit (Net ARV – project cost) = $86,800
Borrower ROI ($86,800 ÷ $85,200): 101%
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Case Study One
-
Fayetteville, NC
-
152% ROI
Purchase price: $350,000
+ Renovation cost: $100,000
Total cost = $450,000
Loan on purchase price (80%): $280,000
Loan on renovation cost (100%): $100,000
Total loan amount (84.4% of total cost) = $380,000
Liquidity needed (7.8% of total project cost): $35,000
+ Loan closing costs (2% of loan amount): $7,600
Total cash to close = $42,600
After renovated value (ARV): $600,000
Sale closing costs (8% of ARV): ($48,000)
Net ARV= $552,000
Net ARV: $552,000
Project cost (total cost + closing costs): $465,200
Net profit (Net ARV – project cost) = $86,800
75% Borrower net profit (Net ARV – project cost) = $65,100
Borrower ROI ($65,100 ÷ $42,600): 152%
The
Benefits
As depicted above, there was a 51% higher ROI, it took 50% less cash to close, and it only took 7.8% liquidity of the project cost in order to get funding.
51%
Higher ROI
50%
Less cash to close
7.8%
% of project cost liquidity needed
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
-
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%
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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