$175,000 Flip Loan in Stockton, CA

Loan Amount: $175,000

LTPP: 70%

Type: Flip Loan

Term: 12 months

The borrower is a full-time investor who has flipped houses with a partner for 12 years. They came to First Bridge Lending for financing to secure their next fix and flip investment property. The borrower purchased the property for $249,900, they intend to invest $30,000, and list the property for $335,000 once completed.

The loan amount totaled $175,000 at 70% LTPP for a 12-month term. A First Bridge Lending originator 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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