$2,615,000 Flip Loan in Los Altos, CA

Loan Amount: $2,615,000

LTV: 58%

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.

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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