$600,000 Flip Loan in Santa Clara, CA

Loan Amount: $600,000

LTV: 68%

Type: Flip

Term: 6 months

The borrower is a real estate broker who has flipped three properties in the last two years. They came to First Bridge Lending for a loan to remodel the kitchen and bathrooms of this property, as well as complete some minor cosmetic upgrades. The property was purchased below market value for $885,000, and the borrower plans to list it for $1.3M.

The loan amount totaled $600,000 at 68% LTV for a 6-month term. First Bridge Lending agent Louis Bardis facilitated this deal and helped the client secure funding within 10 days to use toward remodeling expenses on their fix and flip property.

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

Related Deals

70% LTV – Flip
12 months

The borrower is an experienced builder who is motivated to flip properties full-time. This is their first solo flip, after having worked for flippers for 20 years, and they came to First Bridge Lending for a loan in order to purchase a corner-lot property on a quiet street.

58% LTV – Cross Collateralized, Flip
6 months

The borrower, who has flipped 6 properties in the last 24 months, came to First Bridge Lending for a cross-collateral loan on a current rental property in order to purchase a new property with the intention of remodeling and reselling.

63% LTV – Cross Collateralized, Flip, Owner Occupied

This inexperienced borrower owned their home free and clear and was looking to purchase their first investment property to flip and re-sell.

First Bridge Lending