Loans to
Bridge Loan/Trust Loan
Location: West Covina, CA
Funded: $153,000
Private Loan Type: Trust Loan
Deal Highlights:
The family home of 60+ years needed some TLC before listing for sale
The property was listed for sale immediately after the work was complete
The funds from our loan were used for a major clean up and minor renovations
Deal Summary:
This property had been in the family for over 60 years, and was in need of some deep cleaning and deferred maintenance before listing the property for sale. We provided the necessary capital to the trust itself, so the beneficiaries could get the work done asap. Our loan was repaid when the property sold.
Deal Details:
Property Type – Single Family
Lien Position – First
Loan-to-Value – 20%
Loan Term – 24 months
