Closed Deal · #3
SFR in Fort Worth, TX — Fix & Flip
$230,787 · Bridge — 90% LTC / 100% Rehab
Deal terms
- Property type
- SFR
- Location
- Fort Worth, TX
- Loan type
- Fix & Flip
- Program
- Bridge — 90% LTC / 100% Rehab
- Leverage
- 90% LTC / 100% Rehab
- Rate
- N/A
- Deal value
- $230,787
How we structured it
Deal two with the same DFW operator, funded the same month as their Burleson flip. A $230,787 fix-and-flip in Fort Worth at 90% of cost plus 100% of rehab — maximum leverage for a repeat borrower we already knew.
Roughly $82,000 of the facility sat in a renovation holdback, released against verified progress. Because we'd already closed with the sponsor once, the second underwrite was faster and cleaner — the compounding value of a real lender relationship rather than a one-off transaction. This operator scaled from here into a seven-figure Colleyville flip within the quarter. Figures illustrative; every deal varies.
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