There was no real challenge on this transaction. Just a simple transaction with an experienced buyer coming in with $50,000 down payment looking to finance the remainder at 85% loan-to-value (LTV).
First Capital Trust Deeds secured 12-Month, 85% LTV hard money fix and flip financing for a Gardena fixer upper for the buyer using a Los Angeles based family office specializing in hard money and private money bridge loans.
Fix and Flip Financing Terms:
- $283,000 Loan Amount (85% LTV)
- 12-Month Term
- No Prepayment Penalty