Colton Fixer Acquired With 12-Month Hard Money Fix and Flip Financing

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Colton Fixer Acquired With 12-Month Hard Money Fix and Flip Financing

A San Bernardino real estate investor used 12-month hard money fix and flip financing from First Capital Trust Deeds to acquire this fixer on quiet Colton cul de sac.

This nice starter home was acquired at 68% Loan-To-Value (LTV) financing. For the buyer/borrower, the loan was only expected to be in force for just a few months since the home didn’t need much renovation work, so the 11.00% rate wasn’t a big deterrent for this project.

The lender, or trust deed investor, had made a few loans to the borrower over the past three years. Each loan had been paid on-time, so the three C’s of obtaining a loan (Credit, Collateral, and Character) were good to go on this loan.

12-Month Hard Money Fix and Flip Financing Terms:

  • $110,000 Loan Amount (68% LTV of purchase)
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.