An experienced real estate investor acquired this Palm Springs fixer upper using an 87% LTV hard money fix and flip financing loan from First Capital Trust Deeds.
The established real estate investor was able to close on this Palm Springs short sale by leveraging an 87% LTV hard money fix and flip financing purchase loan from FCTD. The estimated holding time on the property was about 4-5 months due to the amount of rehab needed to make this property shine for the eventual new buyer, which most likely would be an owner occupied buyer using conventional financing.
Fix and Flip Financing Terms:
- $174,250 Loan Amount (87% LTV)
- 12-Month Term
- No Prepayment Penalty