Featured LoanREO Purchased From Auction.com Using Fix & Flip Financing
Loan Amount: $300,000
Loan-To-Value: 80% LTV
Situation & Challenge
An active real estate investor called looking to lower their borrowing costs from 3-4 Points and 11.00% at a Loan-To-Value (LTV) of 75%. The investor needed lower cost of funds with higher LTV in order to increase the number of fix and flip acquisitions.
Solution & Result
First Capital Trust Deeds secured hard money fix and flip financing at 2 Points, 9.00% Rate, and 80% LTV, lowering borrowing costs and increasing the leverage.