$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, DRE, NMLS

Related Deals

61% LTV – Acquisition Bridge
12 months

The borrower is an inexperienced investor who operates a family business that does equine training. They were exercising a lease option to purchase from 2015 with a strike price of $619,000.

47% LTV – Flip
12 months

The borrower is a fulltime contractor and real estate investor who has renovated over 20 homes in San Francisco in the last 4 years.

70% LTPP – Flip
12 months

The borrower is a full-time investor who has flipped houses with a partner for 12 years. They came to First Bridge Lending for financing to secure their next fix and flip investment property.

First Bridge Lending