$3,965,000 Flip Loan in Beverly Hills, CA
Loan Amount: $3,965,000
Term: 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. The properties are new builds in Beverly Hills, California.
The loan amounts totaled $3,965,000 at 65% LTV for a 6-month term. First Bridge Lending agent Scott Townes facilitated this deal and helped the client secure funding for two concurrent property purchases.
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 2,000 loans totaling more than $1 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
CA Licensed: CFL, BRE, NMLS