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.
The sponsor is a highly experienced general contractor with a long history of high-end builds throughout Greater Boston. With multiple active projects underway, cash-to-close was limited, so Flipside delivered a high-leverage solution structured to provide both certainty of execution and the flexibility needed to complete the renovations.
This transaction demonstrates our ability to structure competitive, tailored financing for experienced builders in strong urban infill markets.
Need financing for your next acquisition or condo conversion?
Reach out to sales@flipsideloans.com to discuss your next deal.
