High Leverage Hard Money Fix And Flip Financing In Pico Rivera

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High Leverage Hard Money Fix And Flip Financing In Pico Rivera

A Los Angeles house flipper buys and sold this Pico Rivera starter home using high leverage hard money fix and flip financing from First Capital Trust Deeds.

The experienced buyer of this Pico Rivera starter home obtained an 84% loan-to-value (LTV) hard money fix and flip financing loan to acquire the property in a very straight forward high-leverage, low-upfront cost loan. Since the borrower had a great track record of success, the process went quickly and smoothly. The trust deed investor was comfortable going to 84% LTV since they estimated the after repair value (ARV) would be close to $400,000, making this an 84% LTV loan on the purchase and 55% of ARV, which was deemed a pretty safe risk.

Fix and Flip Financing Terms:

  • $235,000 Loan Amount (84% LTV and 55% ARV)
  • 11.00% Interest-Only
  • 12-Month Term
  • No Prepayment Penalty

Do you have a similar financing scenario?
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