
Closed Deal · #2
SFR in Burleson, TX — Fix & Flip
$203,000 · Bridge — 90% LTC / 100% Rehab
Deal terms
- Property type
- SFR
- Location
- Burleson, TX
- Loan type
- Fix & Flip
- Program
- Bridge — 90% LTC / 100% Rehab
- Leverage
- 90% LTC / 100% Rehab
- Rate
- N/A
- Deal value
- $203,000
How we structured it
The first loan 818 wrote for this DFW operator — and the deal that opened a three-close relationship. A $203,000 fix-and-flip in Burleson, structured at 90% of acquisition plus 100% of rehab so the borrower brought minimal cash to close. First call to HUD settlement in roughly eight days.
The detail that shows how we work: we restructured the facility from $182,300 up to $203,000 against a $160,000 purchase contract — sizing the loan to what the project actually needed, not to a rigid box — with a $50,000 rehab holdback released across five inspected draws. The same operator came back for a Fort Worth flip that same month, then a seven-figure Colleyville flip within the quarter. Back the operator, not just the deal. Profit and ROI vary by execution; figures illustrative.
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