$240,000 Flip Loan in Rialto, CA

Loan Amount: $240,000

LTPP: 65%

Type: Flip Loan

Term: 9 months

The borrowers, husband and wife, are an experienced home flipper team who successfully complete two to three projects per year. They purchased this 4-bedroom, 2.75-bathroom SFR in Rialto, CA for $370,000 with the help of a $240,000 loan from First Bridge Lending. The 2-story home is located on a corner lot in a mature, well-kept neighborhood. The borrowers plan to invest $30,000 for paint, minor upgrades, and landscaping, then re-sell for $450,000.

The loan is 65% LTPP for a term of 9 months. A First Bridge Lending originator facilitated this deal and helped the clients secure funding for their latest flip property.

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 3,500 loans totaling more than $2 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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