$345,000 Flip Loan in Chino, CA
Loan Amount: $345,000
Term: 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. The wholesaler referred the borrower, and their documents were in escrow the next day and the loan was at a lower price than the original lender quoted or could deliver. We were able to fund the client’s loan in order to purchase a property to renovate and flip.
The loan amount totaled $345,000 at 70% LTV for a 9-month term. First Bridge Lending agent Scott Townes facilitated this deal and helped the client secure funding for their property purchase and renovations.
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