$446,000 Purchase Flip Loan in San Jose, CA

Loan Amount: $446,000

LTV: 71%

Type: Purchase Flip

Term: 12 months

This 3-bedroom, 2-bath, 1,100-square-foot property was a single-family home in poor condition that the borrower wanted to flip for profit. The borrower, a repeat client, directly contacted First Bridge Lending for assistance, since a conventional lender wouldn’t be likely to make a loan on the property. With the borrower’s high credit score and house-flipping experience, as well as our knowledge of the local San Jose market, we were able to fund a private loan and close the deal within a week.

The loan amount was $446,000 with an LTV of 72%. A First Bridge Lending originator assisted the client with the property loan. The loan for the property closed within a week and the seller did not list the property on the open market.

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/Commercial properties
CA Licensed: CFL, DRE, NMLS

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