$175,000 Flip Loan in Stockton, CA
Loan Amount: $175,000
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.
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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