85% LTV Fix and Flip Financing in Richmond

85% LTV Fix and Flip Financing in Richmond

An East Bay investor used an 85% LTV fix and flip financing loan in Richmond from First Capital Trust Deeds to acquire a small fixer upper in need of a major overhaul.

Since the as-is value was about 10-15% higher than the purchase price, the private money fund that loaned the money took the loan up to 85% Loan-to-Value.  Moreover, the after repair value (ARV) reflected a resale price nearly double what the investor acquired the property, which meant that this project had a lot of upside and built-in protective equity.

Fix and Flip Financing Terms:

  • $110,000 Loan Amount
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.