Prefab homes like those produced by Los Angeles-based Proto Homes are gaining traction across the globe as the modern alternative to traditional homes.
Their virtues, which range from lower costs, smart technology, environmentally-friendly construction, to the speed at which they can be built are expounded by the likes of Dwell and other modern home magazines.
For real estate developers and investors looking for an easier way to build and deliver high-quality homes to their clients, prefabs present an interesting opportunity: They are cost-efficient, easier to build, and take far less time to complete. The difference in effort and time that it takes to build a prefab home versus building a custom home can be likened to assembling a piece of furniture from a set of pre-built components, versus building something from scratch with raw materials.
This presents a NEW opportunity for fix & flip developers wanting to get into more profitable spec development. These homes allow for higher profit margins, and building them is not nearly as challenging as a traditional custom home build.
The team at Proto Homes has utilized this exact model with Anchor Loans on many profitable ventures, partnering with developer/mortgage broker Moe Ghazi.
“On our Carson project, we were able to achieve a cash on cash return of over 60%.
“If we had decided against financing the project with Anchor Loans and use all cash, the return on the cash investment would have only been 16% and we would have been limited to only doing one project at a time.” – Moe Ghazi – Developer/Mortgage Broker
Anchor Loans has been the go-to financier for Proto Homes for the past 5 years. They have a wealth of experience helping both real estate developers and investors gain access to the right financing for their prefab homes.
Both Anchor Loans & Proto Homes realized a tailored prefab financing solution could further accelerate cycle time and reduce total project costs.
Enter PREFAB LOANS, the first loan of its kind specifically designed to finance prefab homes.
Now, qualified real estate developers and investors wanting to build a Proto Home will gain access to additional cost-savings if they choose to finance their home with a PREFAB LOAN through Anchor Loans.
For LA residents who are fans of contemporary design, and are looking to build a new modern home that Proto Homes calls “the Smartest Home on the Block” this opportunity might just be the one they have been waiting for.
To learn more about Proto Homes, please visit https://www.protohomes.com/
To inquire about a PREFAB LOAN, please contact Shane Lex at [email protected] or 818.602.9787
Editor’s Note: To arrange an interview, contact Zach Toering at 310.271.7544 ext.1009
About Proto Homes
Founded in 2009 by Frank Vafaee, Proto Homes is comprised of architects, engineers, and contractors with a shared vision of reinventing the antiquated approach of the homebuilding industry. Developers use our products to maximize their efficiency and protect their margins. Homebuyers focus on the quality, simplicity of purchase, ease of process, and transparency of pricing.
Proto Homes’ initial prototype was built in 2011, in Los Angeles. Since then, we have been experiencing an ever-growing demand for our products. After 8 years of R&D and over 50 client-driven product iterations, the Proto Homes process has been refined and is now being shared more broadly in the marketplace.
About Anchor Loans
Anchor Loans is the nation’s number one private direct lender to fix-and-flip investors and was the first to fund more than $1 billion in loans in a single year. Anchor Loans remains the industry leader, providing over $1 billion in fix-and-flip financing every year since 2016 — with life-to-date fundings surpassing $7.74 billion (as of December 2019).
Media ContactCompany Name: Proto HomesContact Person: Shane LexEmail: Send EmailPhone: 818.602.9787Address:5230 Las Virgenes Rd UNIT 105 City: CalabasasState: CA 91302Country: United StatesWebsite: https://www.protohomes.com/
