$654,500 Flip Loan in Fremont, CA
Loan Amount: $654,500
Term: 6 months
This repeat borrower made an aggressive offer on a property and needed to close quickly, so they came to First Bridge Lending for financing on a fix and flip loan. The borrower has flipped more than 10 homes in the last 36 months, and they plan to invest $90,000 in remodeling for a new sale price over $1,200,000.
The loan amount totaled $654,500 at 70% LTV for a 6-month term. First Bridge Lending agent Louis Bardis facilitated this deal and helped the client close in less than 7 days to save the deal.
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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/Commercial properties
CA Licensed: CFL, BRE, NMLS