$322,000 Flip Loan in San Leandro, CA

Loan Amount: $322,000

LTPP: 70%

Type: Flip

Term: 6 months

The borrower is an experienced home flipper who has flipped 3 properties in the last 4 years. They came to First Bridge Lending for financing on their new flip property purchase, a single-level residential SFR in San Leandro, purchased at $450,000. The property was dated but in good condition; renovations were expected to cost $100,000 and the borrower expects to sell the finished property for $700,000.
The loan amount totaled $322,000 at 70% LTPP for a 6-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their latest flip property 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, DRE, NMLS

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