Flipside Lending recently closed a $2.4MM acquisition bridge loan for an experienced sponsor purchasing a portfolio of 18 newly constructed townhomes in Albemarle, North Carolina.
With a tight close-of-escrow deadline and a strong business plan in place, the sponsor needed a capital partner who could act quickly and deliver with certainty. Flipside structured an 80% LTC bridge loan at 57% LTARV, offering the borrower both the leverage and the timeline required to seize the opportunity.
This deal demonstrates our ability to underwrite stabilized assets with creative exit strategies—whether for rental, resale, or DSCR takeout. We worked closely with the borrower to ensure a seamless and on-time closing.
Have a portfolio acquisition or bridge deal coming up? Reach out to sales@flipsideloans.com to discuss your next deal.
NMLS #2655708. Origination fees and other fees may apply. This is not an offer to lend. Any financing will be subject to certain restrictions and requirements, including but not limited to a credit evaluation and approval of the subject property. To qualify, a borrower must meet underwriting requirements. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate. Your actual rate depends on a variety of factors. Rates, terms, and conditions are subject to change from time to time without notice.
