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 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 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 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 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.
