This short sale in Bellflower was acquired using 90 LTV hard money fix and flip financing secured by mortgage brokerage First Capital Trust Deeds.
A relatively inexperienced real estate investor made a great find on this property in Bellflower and had the patience to wait out the year-long short sale negotiation period to acquire the home using a 90% Loan-To-Value (LTV) hard money loan.
The trust deed investor was comfortable going with the higher LTV due to the significant built-in equity at the time of acquisition and the strength of the borrower.
Fix and Flip Financing Terms:
- $232,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty