An experienced Sacramento-area real estate investor acquired a Cameron Park home using 75% LTV hard money fix and flip financing from First Capital Trust Deeds.
This was a pretty simple 75% loan-to-value (LTV) hard money fix and flip financing loan that we closed for an experienced Northern California real estate investor. When there is a strong borrower with a great track record buying a nice property at the right price, then the loan flies through from application to loan docs within 48 days (if we need to go that fast). This one didn’t have that time crunch, but if it were needed, it could have been closed in just a few days. The borrower was really strong and they were buying a nice property that could be easily flipped within 2-3 months.
75% LTV Hard Money Fix And Flip Financing Terms:
- $285,000 Loan Amount (75% of purchase / 65% of future sale value)
- 10.50% Interest-Only
- $2,493/Month Payment
- 12-Month Term
- No Prepayment Penalty