$384,000 Flip Loan in Gilroy, CA

Loan Amount: $384,000

LTPP: 80%

Type: Flip

The borrower is an experienced investor who has completed several flips with family. They purchased the 1,160 SF detached condo for $480,000 and plan to complete renovations with an estimated $40,000 remodeling budget. They intend to sell the property for $599,000 to $700,000, based on similar SFR property sales in the area.

A First Bridge Lending originator provided a $384,000 loan at 80% LTPP and 64% ARV.

Private lender
Direct lender
Quick process puts you in touch with decision makers
In-house underwriting

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

Related Deals

80% LTPP – Flip, Higher LTV Investor Flip
9 months

The borrower partnered with their father, who has flipped 4 homes in the last 6 years, to purchase this SFR for their first joint flip. The property is in a good location, though dated finishings and repairs will require $60,500 in improvement costs.

80% LTPP – Higher LTV Investor Flip

The borrower is an experienced investor who has completed 18 flips in the last 6 years. They purchased the 2,517 SF 4 Bed/2 Bath SFR for $672,000 and plan to complete cosmetic renovations with an estimated $60,000 budget.

First Bridge Lending