Featured Loan80% LTV Fix & Flip Financing in La Jolla
Loan Amount: $1,220,000
Loan-To-Value: 80% LTV
Situation & Challenge
The repeat borrower, a real estate investor of two decades, wanted to reduce carrying costs on their upcoming fix and flip projects in La Jolla, getting the interest rate as low as possible in order to maximize their ROI on homes that generally have a longer marketing period than entry level properties.
Solution & Result
First Capital Trust Deeds worked with an east coast private money fund offering lower pricing for higher-leverage projects up to 80% LTV. The 80% LTV fix and flip financing in La Jolla carried an 8.00% interest-only loan on a 12-month loan.