80% LTV Hard Money Fix and Flip Financing In Rialto

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80% LTV Hard Money Fix and Flip Financing In Rialto

First Capital Trust Deeds secured the 80% LTV hard money fix and flip financing loan in Rialto for a successful house flipper with a long history of profitably turning over houses within 5-8 months.

This was a straight forward 80% LTV hard money fix and flip financing loan. It was issued to an experienced real estate investor who has been successfully buying with hard money, remodeling, and selling houses in Southern California for several years. Going to 80% LTV made a lot of sense because of the borrower’s track record and the fact that he bought it right (5-10% below current as-is value).

Having a great track record and acquiring fixer uppers at a discount is huge. FCTD fields several calls each week from less experienced house flippers who are trying to buy houses at 5-10% over as-is value and asking for 90-95% LTV hard money fix and flip financing. In essence, they’re overpaying for a potential flip and want our trust deed investors to give them 100% financing. And that’s just not going to happen.

So when we get loans like this from repeat clients who know what they’re doing and don’t try pushing the upper bounds of the Loan-to-Value limit, it’s a pleasure.

80% LTV Hard Money Fix and Flip Financing In Rialto Terms:

  • $200,000 Loan Amount
  • 12.00% Interest-Only
  • $2,000/Month Payment
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.