Flipside Lending recently closed a $1.145MM ground-up construction loan in Mountain Home, Idaho, 15 minutes east of Boise and near Micron, the state’s largest employer. The loan financed vertical construction of two single-family homes, secured by two additional finished lots as collateral.
Flipside Lending closed on a $2.0MM construction loan for the first phase of a 5,500-acre master-planned community in Vermont. With over 1,400 existing homes and a full suite of amenities (including skiing, swimming, tennis, golf, and dining) Quechee Lakes represents one of the most established resort-style residential communities in New England.
Flipside Lending funded a $374,500 bridge refinance on a single-family property in San Antonio’s Dignowity Hill neighborhood. The 2,103 square foot residence also includes a nearly completed accessory dwelling unit (ADU), which was not factored into the current appraisal, providing future upside value.
Flipside Lending closed a $240,600 acquisition and rehab loan for a single-family home located at in Sanford, North Carolina. The property is a 1,629 square foot, 3-bedroom, 2-bath home with a two-car garage situated on a corner lot in the desirable Carolina Trace Golf Course community. Residents enjoy access to amenities including tennis courts, a lake, and golf in the Sandhills region just south of Raleigh.
Flipside Lending recently funded a DSCR loan for the acquisition of a newly constructed single-family residence in Hawaii. This transaction represents the first of four DSCR loans expected to close for this sponsor over the next three months.
Flipside Lending recently funded a DSCR loan for the acquisition of a newly constructed single-family residence in Hawaii. This transaction represents the first of four new construction DSCR loans expected to close with the same sponsor in the next three months.
Flipside Lending funded the second of seven DSCR loans expected to close in the next 60 days for a repeat sponsor. This luxury single-family residence includes an accessory dwelling unit (ADU). The main home has a lease at $22,000/month, and the ADU is expected to generate an additional $3,800–$4,000/month, bringing total projected rental income to approximately $26,000/month.
Flipside Lending recently funded a DSCR loan for a newly constructed single-family residence with an accessory dwelling unit (ADU) in Lahaina, Hawaii. This transaction is the first of seven DSCR loans expected to close with the same sponsor over the next 60 days.
Flipside Lending recently funded a DSCR loan for a newly constructed single-family residence with an accessory dwelling unit (ADU) in Lahaina, Hawaii.
Flipside Lending recently funded a DSCR loan for the acquisition of a two-bedroom condominium in Kailua, Hawaii. The borrower contributed $215,000 through a 1031 Exchange, with Flipside financing the remaining balance.
