First Capital Trust Deeds of Newport Beach provided two loans in the form of 80-10-10 hard money fix and flip financing split between two lenders that gave the investor higher leverage on the acquisition.
80-10-10 Hard Money Fix and Flip Financing Terms:
- $224,000 First Mortgage
- $28,000 Second Mortgage
- 12-Month Term and no Prepayment Penalties for both loans
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.