84% LTV Hard Money Fix And Flip Loan In Los Angeles County

84% LTV Hard Money Fix And Flip Loan In Los Angeles County

First Capital Trust Deeds closed this 84% Loan-to-Value (LTV) hard money fix and flip loan for an experienced house flipper in the Los Angeles County town of Montebello.

The real estate investor did an excellent job sourcing the property and buying well below the as-is value which allowed the lender to issue an 84% LTV purchase money first trust deed.

When buyers do a great job getting the property well below market value, or as-is value mentioned above, hard money lenders can increase the LTV on the purchase. First Capital Trust Deeds worked with a Southern California trust deed investor whose base LTV on a fix and flip loan or 12-month bridge loan is 75% of as-is value.

However, when real estate investors or house flippers like this client negotiate a great discount on the purchase price, the lender will lend up to 93% of the purchase as long as it doesn’t exceed the 75% of as-is value.

84% LTV Hard Money Fix and Flip Loan Terms:

  • $380,000 Loan Amount
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.