First Capital Trust Deeds completed a hard money fix and flip financing loan in Palm Springs for a long-time real estate investor who specializes in renovating outdated desert properties.
Since the property was likely to resell within 3-4 months, the borrower used the 1 point origination fee pricing structure at an interest rate of 12.00%. This is popular with many of our clients who look to keep their upfront costs to a minimum on their projects.
Hard Money Fix And Flip Financing In Palm Springs Terms:
- $120,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty