First Capital Trust Deeds secured a $350,000 Bay Area hard money fix and flip financing loan on this property in Alamo. This very experienced buyer planned on tearing down the home in order to build a larger modern home on the large lot.
This loan was very low-leverage at approximately 22% Loan-to-Value (LTV), which made it very safe for the trust deed investor that funded the loan within one week. Low-leverage loans are not something FCTD does that often since most real estate investors call us seeking the highest leverage they can obtain on their projects. So a low-leverage loan is a nice change of pace for us and for the trust deed investors who fund our loans.
Bay Area Hard Money Fix And Flip Financing Terms:
- $350,000 Loan Amount
- 9.99% Interest-Only
- 12-Month Term
- No Prepayment Penalty