90% LTV Bay Area Fix and Flip Financing

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90% LTV Bay Area Fix and Flip Financing

First Capital Trust Deeds closed a 90% LTV Bay Area fix and flip financing loan for an investor looking to do a quick cosmetic fix on an East Bay property.

Doing 90% Loan-to-Value (LTV) loans can happen when the buyer “sources the property right.” That’s real estate lingo for getting a discounted price on the home. Private money lenders look at purchase price, as-is value, and after-repair value (ARV) when deciding the loan amount and the Loan-to-Value (LTV). The lower the purchase price in relation to the as-is value, the higher the LTV we can go on the purchase money loan.

For busy house flippers who buy 10+ properties a year, higher LTV means less money spent on down payments and more money available for renovations and acquiring more properties (ie. leveraging). Some investors can handle juggling 10 properties at a time while others are better suited with 3-4 projects.

Fix and Flip Financing Terms:

  • $165,000 Loan Amount
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.