$345,000 Flip Loan in Chino, CA

Loan Amount: $345,000

LTV: 70%

Type: Flip

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.

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/Commercial properties
CA Licensed: CFL, BRE, NMLS

Related Deals

80% LTPP – Flip, Higher LTV Investor Flip
9 months

The borrower partnered with their father, who has flipped 4 homes in the last 6 years, to purchase this SFR for their first joint flip. The property is in a good location, though dated finishings and repairs will require $60,500 in improvement costs.

69% LTV – Flip
6 months

The borrower is a full-time home flipper who has completed 16 high-end SFRs in the Bay Area. They needed financing for an SFR in foreclosure with hostile tenants that would not allow for an interior inspection.

80% LTPP – Flip, Higher LTV Investor Flip

The borrower is an experienced investor who has completed several flips with family. They purchased the 1,160 SF detached condo for $480,000 and plan to complete renovations with an estimated $40,000 remodeling budget.

First Bridge Lending