$99,000 Flip Loan in Stockton, CA

Loan Amount: $99,000

LTPP: 60%

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.

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 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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