sales@flipsideloans.com

Done Deal: Charlestown, MA Condo Conversion

Flipside Lending recently funded a $1.9MM fix and flip loan for the acquisition and light renovation of a 3-unit residential property in Charlestown, Massachusetts. The sponsor’s business plan is to complete targeted non-structural updates (new kitchens, added bathrooms, and selective wall relocations) before converting the property into three high-end condominiums for resale.

Done Deal: Albemarle, NC DSCR Refinance

Flipside Lending recently closed a DSCR refinance for a portfolio of eight stabilized townhomes in North Carolina. The sponsor had acquired the properties through an acquisition bridge loan that we originally funded, and subsequently executed a successful lease-up strategy across all units.