“If Only Every Vendor I Worked with Had
This Attitude!”
A Franchisee Case Study
Curious about trying Silver Hill Capital, LLC for your next Fix-N-Flip project? The best way to see how Silver Hill can help you grow is to hear directly from Franchisees who continue to trust us with their business.
Our next case study in 2025 comes from Jim Zaphiriou, who shares his experience with a particularly challenging deal.
Loan Breakdown:
- Location: Huntington Beach, CA
- Type: Single Family (4/2)
- Purchase Price: $802,000
- Rehab Budget: $126,313
- Sale Price: $1,370,000
- Hold Period: 255 days
Want to see how it all came together for a win? Read the full case study here:
What are the main financing challenges you regularly face as an investor?
The main financing challenge I face in my business as an investor is cashflow. My bandwidth can get pretty stretched if I have more than two projects going at once. This business is “streaky.” I may go three months without buying a property, and then suddenly I’ve got three deals in one month. Juggling my cash on hand to rehab all those homes at the same time can be a stretch, especially when I need to keep my advertising spending constant to avoid future “droughts.” The worst feeling in the world is having to walk away from a deal because you don’t have the cash on hand to do it – especially when you know in a few months you’ll be “dry” with no deals, looking back in envy at your past self!
What are you looking for when you work with a lender? What do you like or not like?
I look for a lender who can do 100% LTC and 100% draws. I also want a lender who understands me and my business – which requires a really good, loan rep. I also love the new (to me) guy Rodney Young, who’s friendly and enthusiastic. He gets as excited about my deals as I do, which I think is great! Another bonus is that Silver Hill, because of its close relationship with Homevestors, does D.A. reviews of each loan. This puts an extra set of eyes on the loan. This is a nice level of “insurance,” especially for less experienced franchisees, who may have missed a crucial risk factor or somehow made a mistake in arriving at their ARV. Between Silver Hill’s valuation team and the DA review, a Homevestors franchisee can be nearly certain that their deal will be profitable.
What inspired you to choose Silver Hill with this loan?
I went with Silver Hill on this loan because I liked the rep and because they had 100% financing. The Silver Hill team welcomed me with open arms into the program, which meant a lot to me.
How did Silver Hill help you overcome the challenge and get this deal done? Could anything have been done differently to improve the experience?
I had another project going, so I needed the 100% leverage. Silver Hill helped me overcome the cash flow issue I had at this time due to multiple simultaneous projects. They could have had a better draw procedure. That said, I have to say that SiteWire is pretty great. Once you figure out how to use it, it’s really easy and quick. And better yet, once I submit the SiteWire draw request, I get the money wired to my account within a day or two. It’s so much faster than the old fashioned way! Love it!
What would you say to a franchisee who hasn’t worked with the Silver Hill team yet?
Silver Hill is great. The staff is friendly and easy to work with from the people answering the phones to head honcho Josh Waltzer. They understand our business, from beginning to end, including the Homevestors Franchise aspects of it. Silver Hill excels at even the little things, like integrating well with Homevestors preferred Insurance vendor Millennial Insurance for proof of coverage during the application process. They are also on point for big things, like being realistic with their valuations. A lot of lenders that I’ve worked with have been too conservative with their ARVs, and it would gall me every time I sold a home for well over the ARV the lender claimed during underwriting. I’ve done many loans with Silver Hill and on every one, their valuation, my valuation, and the price I sold the house for have been very close – often with Silver Hill’s valuation being higher than my own!
Silver Hill’s new portal is fire! It is so easy to use, with drag-and-drop simplicity and an intuitive interface – it saves me a lot of time when applying for a loan. Add to this the great communication over at their back office and we end up with a really smooth system. My attention to detail is not great, so if I miss something during the application process, I get a polite email or phone call from someone over there letting me know about some “t” I need to cross; this saves a lot of time in the long run. Filling out paperwork is always painful for a high-red (“D”) like me, but Silver Hill makes it about as painless as it can be.
Perhaps most importantly, Silver Hill will do whatever it can to make the deal work. On every deal I’ve brought to them, they really cared about how to make it happen, even if there were roadblocks of speedbumps in place. It is the nature of our business and our sellers to have “problem deals,” and it is comforting to know that in Silver Hill I have a lender that is going to do what it can to get the deal done, rather than finding ways to gum it up. If only every vendor I worked with had this attitude! For example, I just did a deal with a house I bought for well under land value. Another lender insisted on forcing me to do a new construction loan with them. Silver Hill understood that I could easily salvage the house and sell it retail, and we are doing a fix-and-flip loan. They “get it” and as a result, they get my business and my loyalty. I love a lender that understands my business and our industry as thoroughly as Silver Hill does, and I’d recommend that you try them and find out for yourself!
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