A Los Angeles-based real estate investor used 88 LTV Fix And Flip Financing In La Habra, California from Peer-To-Peer Trust Deeds to acquire this deeply discounted townhouse. The buyer / borrower had tied up this property as a short sale for nearly one year and used the rising housing market to capitalize on the significant built-in equity that occurred from contract date and close of escrow.
Most of the time, P2PTD doesn’t do 88% Loan-To-Value (LTV) fix and flip loans. But in certain occasions such as this where the purchase price is significantly lower than AS-IS value, or when we have have a borrower client who has flipped 50+ homes, we are able to secure 85-90% LTV financing through our lenders.
The trust deed investor from Los Angeles was comfortable issuing an 88% LTV loan due to the significant built-in equity at the time of acquisition and the borrower’s track record of successfully flipping properties in the Los Angeles area.
Hard Money Financing Terms:
- $222,000 Loan Amount (88% LTV)
- 11.00% Interest-Only
- 12 Month Term
- No Prepayment Penalty