$1,162,000 Flip Loan in Redwood City, CA

Loan Amount: $1,162,000

LTPP: 70%

Type: Flip Loan

Term: 6 months

The borrower is an experienced full-time developer and flipper who own 2 commercial properties and has flipped 4 homes in the last 24 months. First Bridge Lending provided financing for the borrower to purchase the 3-bedroom and 1.5-bathroom SFR located in Redwood City, CA. The repeat borrower purchased the property for $1,660,000 and is investing $300,000 in remodeling costs to resell for $2,300,000.

The loan amount totaled $1,162,000 at 70% LTPP for a 6-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding for their latest flip property.

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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