$1,085,000 Flip Loan in Mountain View, CA

Loan Amount: $1,085,000

LTV: 70%

Type: Flip

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.

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 and commercial properties
CA Licensed: CFL, BRE, NMLS

Related Deals

58% LTV – Cross Collateralized, Flip
6 months

The borrower, who has flipped 6 properties in the last 24 months, came to First Bridge Lending for a cross-collateral loan on a current rental property in order to purchase a new property with the intention of remodeling and reselling.

63% LTV – Cross Collateralized, Flip, Owner Occupied

This inexperienced borrower owned their home free and clear and was looking to purchase their first investment property to flip and re-sell.

72% LTV – Flip

This experienced flipper was trying to obtain bank funding, but it was taking too long. The seller was ready to take a back-up offer and keep the significant earnest money deposit.

First Bridge Lending
APPLY NOW