$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.

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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

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