$550,000 Flip Loan in Castro Valley, CA
Loan Amount: $550,000
Type: Flip Loan
Term: 6 months
The borrower has flipped 4 properties in the last 5 years and came to First Bridge Lending for financing to purchase a two-level SFR in Castro Valley. Renovations are expected to cost $80,000, including kitchen, bathrooms, floors, painting, and landscaping, and the borrower expects to sell the property for $980,000.
The loan amount totaled $550,000 at 70% LTPP for a 6-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their latest flip property.
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Over 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
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