Completed Flip in Lincoln Park

Here is a flip that was done here in San Diego (Lincoln Park)

The borrower purchased the property in the end of march for $140,000. We lent him $100,000 to purchase the house and he put $40,000 down payment and did all of the work for his own money. This loan has funded and I am picking up a check at the title company on Monday.

This filler was able to buy this property, rehab it and sell it for $230,000 in only two months... AMAZING!!

This loan was paying 11% to the investor. What I like about these flip deals is that the investor gets their money back fast. What other investment can you make and annual return of 11% on where you have the ability to pull out after a few months?

Here are some before and after pics;

New Loan in Normal Heights

I have a new property in Normal Heights that needs a loan. 


Purchase Price : $171,000
Loan Amount: $141,000
LTV: 82% of purchase price 
Term: 6 months (this loan will most likely pay off in 3 months)
San Diego - Normal HeightsInterest Only Payments
We are paying the investor 11% interest on this loan.


Normal Heights is a trendy up and coming neighborhood in San Diego. This area used to be on the rough side but it has really become the place to be in the last few years. This property is a single cottage home 2 bedroom / 1 bath. 


The properties, when fixed up, go for around $250,000 - $280,000. The rent on on a unit like this is about $1,350 - $1,450 a month depending on the condition.


If we were to take this property back form the owners (at $141,000) we would have about $1,353 positive cash flow if we were to rent it out. This is an 11.5% return on your money. 


I think this is a great deal that the people buying this property are getting. If I could get this thing into contract at $141,000, it would be a no brainer. 


Alexander (Sasha) Favelukis
Priority First PF, LLC
858-205-2449

More Pictures of the Property in La Mesa

Here are some more pictures of the property in La Mesa. I can't wait to see what these guys do with it.

New loan in La Mesa

Here is a new loan in La Mesa that we are funding. The borrower is a very experienced flipper here in San Diego.

Purchase Price : $310,000
Loan Amount: $217,000
LTV: 70% of purchase price
Term: 6 months (this loan will most likely pay off in 3 months)
La Mesa, CA
Interest Only Payments
We are paying the investor 11% interest on this loan.

This is a very unique property for San Diego because of the fact that it has a 1 bedroom unit attached to the house (with a full kitchen). This really give the next owner a great advantage because they are able to rent this unit out for approximately $1,100. This will help them a lot with payments.

The way that I look at it is if we have to take this house back in foreclosure(most likely won't happen), we could rent the house out for $1,700 and the rental unit for $1,100. This would give a $2,800 income on this property that we would be taking back for $217,000. After calculating $226 for taxes and insurance monthly, you end up with an 14.2% cash on cash return. This is a great investment, I would buy this house for $217,000 in a heartbeat if it was on the market for that.

Alexander (Sasha) Favelukis

Priority First PF, LLC

Welcome to our blog

As this is my first blog post, I would like to go over the basics of my business.

Sequoian Investments Inc. is a company that was founded in the beginning of 2010. We started off just investing in hard money loans but now have expanded into buying real estate to hold.

The purpose of this site is to educate people and show them what type of investment opportunities are out there and what deals we are closing. Seeing the financial and real estate world from the inside, I see how many great deals there are out there. Nothing upsets me more than seeing people's money rotting away in a CD at 1% interest when the rate of inflation is anywhere from 1.5% to 2%. In essence, people are LOSING money by keeping it in the bank.

In future posts you will see how any investor (be it $25,000 or $1,000,000) can have virtually no risk investing in conservative real estate transactions and get an 8% or higher return.

I will be listing deals that either Priority First is a part in or great deals that are on the table.

Thank you very much,

Alexander (Sasha) Favelukis