Featured LoanSan Jose Fix and Flip Financing
Loan Amount: $500,000
Loan-To-Value: 60% LTV
Situation & Challenge
An experienced house flipper came to First Capital Trust Deeds looking to finance four new acquisitions within two weeks. The investor secured several distressed properties at well below market value, including this one in San Jose.
Solution & Result
FCTD closed on the first purchase with a low-leverage 60% LTV loan for 12 months with no prepayment penalty.