An experienced real estate investor used 75% LTV fix and flip financing from First Capital Trust Deeds to acquire this fixer upper in Wilmington, California.
This was a pretty simple 75% LTV fix and flip financing transaction for a repeat borrower who likes to use their own money for the rehab rather than financing the renovation with expensive gap funding or rehab financing. The kitchen was really dated and the entire place was ready for a complete makeover, which our borrower was sure to bring up to current style in order to maximize the resale value.
At First Capital Trust Deeds, our house flipper hard money loan clients throughout California come to us with all kinds of run down and outdated homes in need of remodeling. We often see the “before” photos, like the photo above, but don’t always get a chance to see the “after” photos. That’s usually because we’re so busy originating new loans and our borrower clients are busy completing one project while finding their next project(s).
75% LTV Hard Money Financing Terms:
- $217,500 Loan Amount (75% LTV)
- 11.00% Interest-Only
- $1,993/Month Payment
- 12-Month Term
- No Prepayment Penalty