$335,000 Fix and Flip Loan in Newport Beach, CA

Loan Amount: $335,000

LTV: 34%

Type: Fix and Flip

Term: 6 months

The borrower for this property was part of a three-party trust, and he financed his portion with a First Bridge Lending loan. We were able to work with the trustees and create a structure that allowed them to move forward with the deal and close as an all-cash purchase. Because we were able to close within two days, the investors were able to purchase the property quickly and below market value.

The loan amount totaled $335,000 at 34% LTV for a 6-month term. First Bridge Lending agent Scott Townes facilitated this deal and helped the client secure funding for an all-cash purchase of the new property.

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, BRE, NMLS

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