$99,000 Flip Loan in Stockton, CA
Loan Amount: $99,000
Type: Flip Loan
Term: 12 months
The borrower is a full-time investor who has flipped 20 houses in the last 4 years and owns 8 rentals free and clear. They came to First Bridge Lending for financing to secure their next fix and flip investment property. The borrower purchased the property for $165,000 and they intend to invest $30,000 before they re-sell for $245,000.
The loan amount totaled $99,000 at 60% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis 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
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