When experienced house flippers get a great price on a property, we’re usually able to secure high-leverage private money financing for them. That was the case with this loan, which was an 85% LTV fix and flip financing loan in this Palm Springs scenario.
The buyer bought the house below as-is value and only had to do a minimal amount of cosmetic touches before putting it back on the market.
We like these loans where seasoned buyers with several dozen successful flips on their resume. It makes the loan go quickly, taking less than a week from start to finish.
Fix and Flip Financing Terms:
- $136,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty