Highly Profitable Fix and Flip California Loan in Salinas

Highly Profitable Fix and Flip California Loan in Salinas

A smart California investor earned a tremendous profit on a short sale with a fix and flip hard money loan from First Capital Trust Deeds.

Short sales can take anywhere from 6-18 months to close and usually can wear thin on investors looking to purchase. Our smart investor was patient in waiting out the first, second, and other interested junior lien holders to agree to reduced-payoff settlements and in the meantime strategized with us on financing and closing on the property.

During that eight month lien holder negotiation period, the property increased in value as the market has stabilized. In less than four months of taking possession of the property for $241,500, the investor was able to re-sell the property for $365,000. An excellent ROI was realized for simply updating the kitchen, bathrooms, new carpet, fresh paint, and cleaning up the yard. We love it when our investors win big and we provide the tools to make it happen.

Since it has become exceedingly challenging to finance investment properties, we have focused on sourcing the right money for our borrowers’ goals. We also pride ourselves on the bigger picture and making sure the financing is a smart move for both the lender and the borrower.

Fix and Flip California Hard Money Loan Terms:

  • $172,343 Loan Amount (71.50% LTV)
  • 10.50% Interest-Only
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.