Fix and Flip Loan for Single-Family Residence in Silver Spring, Maryland

Funded by Property Flip Loan

$410,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

12/28/2024

Property Type
Single Family Residence
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 Highlights

Repeat Borrower
Cosmetic Fix and Flip

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.

Funded By

Property Flip Loan

Maryland's Direct Private Lender for Residential and Multi-Family Investments

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.