$1,085,000 Flip Loan in Mountain View, CA
Loan Amount: $1,085,000
Term: 12 months
The borrower is an experienced builder who is motivated to flip properties full-time. This is their first solo flip, after having worked for flippers for 20 years, and they came to First Bridge Lending for a loan in order to purchase a corner-lot property on a quiet street. The finished asset will be 2,100 square feet and the borrower expects to sell for $2.75M. The seed money from the flip will fund future flip projects.
The loan amount totaled $1,085,000 at 70% LTPP for a 12-month term. First Bridge Lending agent Christopher Carey facilitated this deal and helped the client secure funding for their SFR flip purchase.
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 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