$1,085,000 Flip Loan in Mountain View, CA
Loan Amount: $1,085,000
Term: 12 months
The borrower is an experienced builder who needed a loan to purchase a profitable flip project in Mountain View. First Bridge Lending brought in a gap lender to fund the majority of the down payment on the property. Because of long-standing relationships, we were able to use our creativity to fund this loan, and since we do not require appraisals, we were able to fund the loan in less than a week.
The loan amount totaled $1,085,000 at 70% LTV for a 12-month term. First Bridge Lending agent Christopher Carey facilitated this deal and helped the client secure funding for a new flip property, and the expected profits will be used as seed money to continue growing their flipping business.
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, BRE, NMLS