$640,000 Flip Loan in Fremont, CA
Loan Amount: $640,000
Type: Flip Loan
Term: 12 months
The borrowers are experienced flippers who own a construction company and have flipped over 10 homes in the last 36 months. First Bridge Lending refinanced their 4-bedroom, 3-bathroom SFR located in Fremont. These repeat borrowers originally purchased the property for $899,900 and are investing $105,000 in remodeling costs to resell for $1,295,000.
The loan amount totaled $640,000 at 71% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding for their latest flip property.
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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
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