79% LTV Fix and Flip Financing in Arcadia Close in One Week

,
79% LTV Fix and Flip Financing in Arcadia Close in One Week

First Capital Trust Deeds provided 79% LTV fix and flip financing in Arcadia for experienced house flippers who needed to close within one week on the acquisition of this luxury home needing a cosmetic makeover.

The buyers of this home in Arcadia came to us via the listing agent, whom we had worked with on another transaction in Arcadia that had closed just the week before. Our borrowers were seasoned real estate investors who had successfully flipped numerous properties in Southern California and had negotiated a lower than market value price for this property from a very motivated seller.

We placed the loan through a Los Angeles-based family office that specializes in 12-Month fix and flip financing and is comfortable going to 80% LTV of purchase price (sometimes 90% LTV if the numbers make sense). The lender liked the location, the significant built-in equity at the time of purchase, and the borrower’s successful track record, which made this an ideal loan to fund.

Fix and Flip Financing Terms:

  • $900,000 Loan Amount (79% LTV)
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.