The 12-month hard money fix and flip financing loan provided 70% Loan-to-Value (LTV) purchase money plus rehab financing. This loan would allow the buyer to finish the home, which had been foreclosed after the previous builder gave the property back to the bank.
Over the years, FCTD has seen several partially completed homes available as deeply discounted REO properties for sale. Our clients, who have purchased the REOs, have done very well financially by completing the construction.
Portland Hard Money Fix and Flip Financing Terms:
- 400,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty