Featured Loan

REO Purchased From Auction.com Using Fix & Flip Financing

Loan Details

Loan Amount:  $300,000

Loan-To-Value:  80% LTV

Rate:  9.00%

Term:  12-Month

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.

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