$777,000 Flip Loan in Fremont, CA

Loan Amount: $777,000

LTPP: 70%

Type: Flip Loan

Term: 9 months

The borrower has flipped 11 properties in the last 4 years and came to First Bridge Lending for financing on their latest purchase. The property is located in Fremont in a highly acclaimed school district, and it only needed interior updates before listing. The borrower expects to sell the property for $1,450,000.
The loan amount totaled $777,000 at 70% LTPP for a 9-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding for their flip property purchase.

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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