Sacramento Area Hard Money Fix And Flip Financing

Sacramento Area Hard Money Fix And Flip Financing

A foreclosure auction buyer recaptured 83% of their purchase price within seven days using a Sacramento area hard money fix and flip financing loan from First Capital Trust Deeds.

The relationships we’ve have developed with several of our hard money fix and flip financing clients is one of the most enjoyable parts of the business. Each client buys and sells homes in their local market, with some specializing in the higher volume $100,000 to $250,000 range, some in the $300,000 to $700,000 range, while others start at $2,500,000 to $5,000,000 range. Some clients like to call on the phone while others prefer to send a text message or quick email. Whatever works for the client works for us.

In Northern California, we have a client that likes to buy houses in cash at foreclosure auctions and then turn around a week later, taking out a 75-80% LTV hard money fix and flip financing loan.

Sometimes, around 2 o’clock in the afternoon, we’ll get a text message:  “Just bought this house at auction today” with a picture of the Trustee’s Sale receipt attached.

The receipt sets into motion the process of getting 75-80% of the cash outlay within a week. This allows the particular investor the opportunity to go back to auction or put the money into the rehab on the property. Either way, having the cash in their account is the key to being able to buy and sell a high volume of properties in the lower priced markets.

Cash-Out Fix and Flip Financing Terms:

  • $106,000 Loan Amount (83% LTV)
  • 12.00% Interest-Only
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.