$800K Fix & Flip Bridge: Campbell Single-Family Residence
Campbell, CA — An experienced repeat developer negotiated a steep discount on a run-down 1948 ranch house in a desirable Santa Clara County neighborhood, then needed fast financing to close. Helvetica provided an $800,000 first-mortgage bridge loan so the purchase could move ahead and the full remodel could begin.
The Problem
The property was in very poor condition — a 1,720 SF, two-bedroom one-bath house built in 1948 that needed a complete remodel. The price was right because the seller's discount reflected the work ahead, but banks were not going to lend on a home in that state. With recent area sales averaging more than $550 per square foot and homes selling in about two weeks, the margin existed only for a borrower who could close quickly and fund the renovation.
The Helvetica Solution
Helvetica funded an $800,000 senior first-mortgage bridge on a 12-month interest-only term — 53% loan-to-value against the $1.5M market value. The $840,000 acquisition plus a $275,000 renovation budget brought the total project cost to $1,115,000, with the renovation budget held back and released in installments as work progressed.
Benefit to the Borrower
- Closed on a discounted, as-is purchase banks wouldn't finance
- Renovation budget funded through progress-based draws
- 12-month runway matched to the remodel and sale timeline
- Low 53% leverage kept the project equity cushion strong
Deal Highlights
- $800,000 first-mortgage purchase bridge loan
- 53% LTV against a $1.5M market value
- 12-month interest-only term
- $275,000 renovation holdback released with progress
- Full remodel plus a 1,005 SF addition — 1,720 SF to 2,725 SF
- Exit: renovate and sell within the 12-month term
Have a fix & flip that needs fast funding?
Helvetica funds purchase and renovation bridge loans from $300K–$10M+ with closings typically 3–10 days following receipt of all requested documentation.
