First Capital Trust Deeds provided the $656,000 San Francisco private money fix and flip financing for an investor who made a major overhaul on this property in San Francisco’s Bernal Heights neighborhood.
The real estate investor did an incredible job transforming the home from being pretty rundown to being more than move-in ready. From start to finish, the project took about 15 months, which is pretty standard for properties in San Francisco. The lender granted a 3-month extension for the borrower, which allowed the investor to forego the expense of refinancing the loan at the balloon payment date. Instead, the loan was paid off with the resale of the property.
San Francisco Private Money Fix and Flip Financing Terms:
- $656,000 Loan Amount
- 12-Month Term w/ 3-month extension
- No Prepayment Penalty