Featured Loan

Probate Sale - Financed by Hard Money Loan

Loan Details

Loan Amount:  $420,000

Loan-To-Value:  85% LTV

Term:  12-Month

Situation & Challenge

A California investor acquired a fixer-upper through a probate sale using a 12-month hard money fix and flip loan through First Capital Trust Deeds.

The home had been vacant for two years which led to mold and other water-related issues. 

Solution & Result

First Capital Trust Deeds secured an 85% LTV purchase money loan from a private money fund, which allowed the buyer to use their cash to fully renovate the home to resell within a 6-month timeframe.

The investor spent approximately $80,000 renovating the home, which they resold five months later, paying off the hard money 85% LTV fix and flip loan.  

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.