$945,000 Acquisition Loan in Studio City, CA

Loan Amount: $945,000

LTPP: 72%

Type: Acquisition

Term: 12 months

The borrower is a real estate broker and investor who has experience flipping houses. They came to First Bridge Lending to finance the acquisition of their next fix and flip property. The subject property is 1,678 sq ft SFR with 4-bedrooms and 2-bathrooms, located in a nice neighborhood in Studio City, CA. The borrower plans to invest $185,000 in remodeling, then re-sell for $1,850,000.

The loan amount totaled $945,000 at 72% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the clients secure funding for their SFR purchase.

Private Lender
Direct Lender
Quick Process puts you in touch with decision makers
Loans funded in 3 business days
In-house Underwriting, No Appraisal Required

FBL Track Record
Over 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
CA Licensed: CFL, DRE, NMLS

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