$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 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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