Case Studies, Bridge Loans

Distressed Investment Property Purchase

The borrower could not obtain traditional financing due to the property's neglected condition, so we've secured a private bridge loan for the purchase of a distressed 3-unit apartment building.

Loans to
Bridge

Location: Glendale, CA
Funded: $1,250,000
Private Loan Type: Bridge Loans

Deal Highlights:

Neglected 3 unit apartment building did not qualify for traditional financing

Our borrower needed to close the deal, and make the necessary repairs

Deal Summary:

Previous tenants left this property in shambles, so the owner opted to sell the property, and our borrower jumped at the opportunity. We provided a bridge loan to complete the purchase transaction, and our borrower completed the necessary repairs and renovations within 6 months. All three units were leased shortly thereafter.

Deal Details:

Property Type – Multi-Family Residence

Lien Position – First Mortgage

Loan-to-Value – 60%

Loan Term – 12 months

Cash-out for Probate Administration

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Contact HCS Equity today to learn more about our private real estate loan products. As a direct private lender, HCS Equity can often provide funding within 7–10 business days, depending on the property, documentation, and loan scenario.