$448,000 Flip Loan in Sebastopol, CA
Loan Amount: $448,000
Type: Flip and Renovations
Term: 12 months
The borrower is a full-time investor who has flipped 8 homes in Sonoma County since 2011. They came to First Bridge Lending when another hard money lender couldn’t perform in time for the borrower to close on the new property, which was in pre-foreclosure. We helped the borrower close the property within 7 days and save the deal.
The loan amount totaled $448,000 at 70% LTV for a 12-month term. First Bridge Lending agent Louis Bardis facilitated this deal and helped the client secure funding for renovations on the new property.
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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