$400,000 Higher LTV Flip Loan in Oakland, CA

Loan Amount: $400,000

LTPP: 80%

Type: Higher LTV Loan

Term: 9 months

The borrower partnered with their father, who has flipped 4 homes in the last 6 years, to purchase this SFR for their first joint flip. The property is in a good location, though dated finishings and repairs will require $60,500 in improvement costs. They purchased the property for $500,000 and expect to sell it for $751,000 upon completion.

The loan amount totaled $400,000 at 80% LTPP and 53% ARV for a 9-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding for their flip.

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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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