Featured LoanHigh Leverage Fix & Flip Plus Rehab Financing
Loan Amount: $947,000
Loan-To-Value: 85% LTV Purchase plus 100% LTC Rehab
An experienced house flipper was in contract to acquire this large, outdated home in the Bay Area. Since they had three other similarly sized projects going at the time, they needed high leverage to pull this project off.
The challenge was to find high-leverage financing at a reasonable price. Some lenders will do 85 | 100 financing for 4 Points and 12.00%. The client needed more competitive pricing to make the project successful.
Solution & Result
First Capital Trust Deeds provided the client with 85 | 100 at 2.5 Points and 9.99% on a 12-month term.