1,993,000 SFR Flip Purchase in Palo Alto, CA

Loan Amount: $1,993,000

LTV: 72%

Type: 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. The buyer turned to Christopher Carey and the team at First Bridge Lending, who were able to provide loan documents that were ready to sign that same day. First Bridge funded the loan in less than 48 hours, saving the deal and the borrower’s deposit.

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, DRE, NMLS

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