Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
12/28/2024
Property Type
Property City
Silver Spring
Property State
MD
Loan Term (months)
6
Lien Type
1st Mortgage
Payment Type
Interest Only
Borrower's Contribution to Purchase
12%
Source of Borrower's Contribution
Cash
Renovation Project Scope
Cosmetic
Location Type
Suburban
Occupancy at Closing
Vacant
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Borrower Credit Rating
Excellent
Deal Summary
Property Flip Loan, a direct hard money lender, funded a $410,000 first-lien position fix and flip loan for a single-family home in Silver Spring, MD. The Borrower contributed 12% cash to the purchase at closing, and we funded the rest. This 4-bedroom, 2-bathroom, 1.5-level home in Silver Spring offers just under 2,000 square feet and is located in a top-rated school district, making it highly desirable. This is our third deal with the Borrower, an experienced investor known for completing projects efficiently and achieving strong market results. The Borrower plans a cosmetic renovation, including converting the basement into a functional living space to boost the property’s value. With its great location and the Borrower’s proven expertise, this project is set to be another success. Property Flip Loan is proud to provide the funding needed to bring this vision to life. The subject property was vacant at closing. The Borrower had excellent credit. They plan to sell the property as an exit strategy. The loan term was set at 6 months. This fix and flip loan was funded in December 2024.
Dealmakers
Marc DeLeonibus
Founder
Marc DeLeonibus is the Founder of Property Flip Loan, a boutique private money lender based in Annapolis, Maryland. As a direct private lender, Marc funds all deals with his own capital, eliminating intermediaries and ensuring competitive terms for his clients. With a focus on building long-term relationships, Marc provides fast, reliable access to capital for real estate investors in Maryland, DC, and Virginia. Known for his streamlined process and ability to close loans within days, Marc prides himself on delivering personalized service that traditional lenders simply can’t match.