$550,000 Flip Loan in Castro Valley, CA

Loan Amount: $550,000

LTPP: 70%

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.

Why FBL
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 2,000 loans totaling more than $1 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
CA Licensed: CFL, DRE, NMLS

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