An experienced real estate investor used a high-leverage, low cost hard money fix and flip financing loan from First Capital Trust Deeds to acquire an Ontario, California fixer upper with only a 15% down payment.
For investors managing multiple projects at a time, this is the way to go. Having a great track record and buying it right is an equation for success.
Hard Money Financing Terms:
- $205,000 Loan Amount (85% LTV)
- 12.00% Interest-Only
- $2,050/Month Payment
- 12-Month Term
- No Prepayment Penalty