NEWPORT BEACH, Calif., Aug. 3, 2017 /PRNewswire/ -- As regulatory changes continue to improve California housing, new opportunities emerge from Newport Beach to increase investor returns. Kenneth Ketner, Business Development Director of CLL Firm, LLC, an Orange County-based real estate company, have established CLL Fund 1, LLC. This private entity is a source for short-term financing and equity with an accelerated response/completion time for real estate investors and mortgage holders in Southern California and beyond. (http://www.cllfirmllc.com).
Ketner, who will serve as the COO of CLL Fund 1 says, "Thanks to our unique knowledge of California's different real estate markets and the partnerships that our firm enjoys, we have arranged to provide private investors who want to take advantage of the increase in values and stagnate properties in Southern California with the capital to fill the void in an ever-changing financial environment."
Though Southern California real estate markets have recently seen record growth, Selma Hepp, a Chief Economist of a local LA Firm, was saying "Prices are rising faster than incomes and a lot of people are going to be pushed out" in a recent LA Times article. Though home sales have dropped close to five percent (5%), CoreLogic supports prices hitting an all-time high in Orange County and San Diego County with Los Angeles not far behind.
Ketner continues, "We believe a unique opportunity arises to acquire properties for investors while also having necessary profit margins to account for a new buyer's prospective renovations. Our Firm is arranging a turn-key solution for our clients. One of which recently targeted a property that had been on the market in Newport Beach, California for over one year. Based on the financial solutions our firm offered them they acquired the property at a savings of $450,000.00 from the original listing price in April of 2016."
Andrew Miner (http://www.andrewminerconstruction.com), who is a principal in the Newport Beach transaction gave the following comment: "I have been a general contractor and investor in Orange County for over 30 years. I have built or developed several projects in that time period. As we all know the world changed in 2008 and financing became difficult. When I contacted CLL Firm about acquiring the property they directed me through the process with less stress than I had anticipated. It was fast, seamless and efficient."
Ken Ketner concludes: "We think we have found a sweet spot. The current Real Estate landscape provides opportunities for the right investor with the right house for sale to prosper. CLL Firm and our new CLL Fund 1, look forward to assisting that process."
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SOURCE CLL Firm, LLC