FLIP Loan

An investor or buyer can use an acquisition bridge loan to get short-term financing on a single or multi-family property that needs repairs and renovations. These property types typically don’t meet the qualifications of traditional mortgage lenders, so the acquisition bridge, or flip loan, is a good way to purchase the property quickly, make the necessary renovations and then sell the home for loan repayment and profit (or refinance with long-term mortgage once the property meets those qualifications post renovation). Single-family home buyers who want to purchase a fixer upper can also take advantage of bridge loan financing to secure a loan on a property, renovate, and refinance in the future.

Recent FLIP Loan Deals

70% LTV – Flip
12 months

The borrower is an experienced builder who is motivated to flip properties full-time. This is their first solo flip, after having worked for flippers for 20 years, and they came to First Bridge Lending for a loan in order to purchase a corner-lot property on a quiet street.

58% LTV – Cross Collateralized, Flip
6 months

The borrower, who has flipped 6 properties in the last 24 months, came to First Bridge Lending for a cross-collateral loan on a current rental property in order to purchase a new property with the intention of remodeling and reselling.

63% LTV – Cross Collateralized, Flip, Owner Occupied

This inexperienced borrower owned their home free and clear and was looking to purchase their first investment property to flip and re-sell.

72% LTV – Flip

This experienced flipper was trying to obtain bank funding, but it was taking too long. The seller was ready to take a back-up offer and keep the significant earnest money deposit.

70% LTV – Flip
12 months

The borrower is an experienced builder who needed a loan to purchase a profitable flip project in Mountain View.

51% LTV – Flip
6 months

The borrower wanted to purchase a single family residence with an adjacent buildable lot and came to First Bridge Lending to obtain a single loan for both properties.

68% LTV – Flip
6 months

The borrower is a real estate broker who has flipped three properties in the last two years.

65% LTV – Flip
6 months

The borrower wanted to concurrently close two purchases, so they came to First Bridge Lending for financing to secure both properties in order to upgrade and resell.

70% LTV – Flip
7 months

The borrower was a first-time house flipper, and they needed an acquisition loan to close on a vacant property they intend to flip.

41% LTV – Cross Collateralized, Flip
9 months

The borrower has been flipping homes for 3 years and has a full-time crew. They purchased this vacant property to build an addition and used another property as collateral.

70% LTV – Flip
6 months

This repeat borrower made an aggressive offer on a property and needed to close quickly, so they came to First Bridge Lending for financing on a fix and flip loan.

70% LTV – Flip
12 months

The borrower is a full-time investor who has flipped 8 homes and came to First Bridge Lending when another hard money lender couldn’t perform in time.

34% LTV – Flip
6 months

The borrower for this property was part of a three-party trust, and he financed his portion with a First Bridge Lending loan.

70% LTV – Acquisition Financing, Flip
9 months

The borrower came to First Bridge Lending for assistance with a flip loan after working with another lender who was unable to perform.

70% LTV – Acquisition Financing, Flip
9 months

First Bridge Lending helped the borrower close within 72 hours to secure this fix-and-flip property.

71% LTV – Acquisition Financing, Flip
12 months

First Bridge Lending closed this deal in 3 days so that seller would not list the property on the open market.

72% LTV – Acquisition Financing, Flip
9 months

The client needed a flip loan and GAP loan to facilitate the construction work on the home.

Villandry Dr.

$2,900,000

55% LTV – Flip, Renovation Draws
5 months

The property is located in an exclusive development located right outside Truckee, CA. Our borrower needed a quick loan to finish construction and sell for a profit.

Pacific Palisades Construction Bridge

$3,200,000

85% LTV – Acquisition Financing, Flip
12 months

The borrower needed higher leverage bridge financing to complete the acquisition of a probate sale. First Bridge provided a 70% first deed of trust and another lender provided 15%.

Woodland Hills Flip

$900,000

85% of Purchase Price LTV – Acquisition Financing, Flip
12 months

Higher leverage acquisition financing on an assigned contract.

Palos Verde Flip

$1,000,000

43% of Purchase Price LTV – Acquisition Financing, Flip
6 months

The borrower's equity partner backed out of an all cash purchase jeopardizing the borrower's deposit and potential profits a high yielding flip. First Bridge closed the deal in 4 days.

Los Angeles Flip

$500,000

40% LTV – Acquisition Financing, Flip
6 months

The borrower needed a quick acquisition loan to bridge a low loan to value equity gap. First Bridge was able to close the deal in a week.

Carmel Flip

$2,650,000

90% of Purchase Price LTV – Acquisition Financing, Flip
12 months

The borrower sought higher leverage. 1st Bridge worked with a known subordinate financing company to provide 90% LTC leverage for a large high-end fix and flip funding quickly.

First Bridge Lending
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