$448,000 Flip Loan in Sebastopol, CA

Loan Amount: $448,000

LTV: 70%

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.

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.

55% LTPP – Acquisition Bridge
12 months

The borrower is a project manager for a construction firm who was looking to purchase their first real estate property to rent.

60% LTPP – Acquisition Bridge
6 months

The borrowers are a married couple in the food industry seeking their first investment property.

First Bridge Lending