$2,615,000 Flip Loan in Los Altos, CA
Loan Amount: $2,615,000
Type: Flip Loan
Term: 12 months
The borrower is a full-time real estate broker and flipper who does 2-3 flips each year. First Bridge Lending refinanced the 5-bedroom, 5-bathroom SFR in Los Altos, CA to pay off the borrower’s current lender while they put the house on the market. The borrower originally purchased the property for $3,900,000 and invested $600,000 in renovations and additional square footage.
The loan amount totaled $2,615,000 at 58% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding for their SFR refinance.
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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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