$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.
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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
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