$777,000 Flip Loan in Fremont, CA
Loan Amount: $777,000
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.
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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
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