Purchase Bridge Loan for SFR in Randallstown, Maryland

Funded by Property Flip Loan

$200,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

07/19/2021

Property Type
Single Family Residence
Property City

Randallstown

Property State

MD

Lien Type

1st Mortgage

Payment Type

Interest Only

Borrower's Plan

Rehab and Sell

Exit Strategy

Sale

Borrower Credit Rating

Excellent

Deal Highlights

No Prepayment Penalties

Deal Summary

Property Flip Loan is pleased to announce that it has recently closed an $200,000 loan to help a local real estate investor in Baltimore, MD purchase a single-family residence which they plan to rehab and sell within the next 12 months (No Prepayment Penalties). Loan terms were very competitive as the Borrower has completed many projects in the Baltimore region. The Borrower plans to sell the property within the next year. This SFR bridge loan was funded in July 2021.

Funded By

Property Flip Loan

Real Estate Investment Financing