Loans to
Bridge

Location: Salinas, CA
Funded: $2,600,000
Private Loan Type: Bridge Loans

apartment-building-purchase

Deal Highlights:

  • Fully occupied 10-unit apartment complex

  • Borrower used two other investment properties to cross collateralize the purchase

Deal Summary:

Our borrower had limited funds to put down on the purchase, so we cross collateralized two of their other investment properties to close the transaction. Shortly after the close of our bridge loan, the borrower was able to secure traditional financing to take us out.

Deal Details:

  • Property Type – Multi-Family Residence

  • Lien Position – First Mortgage

  • Loan-to-Value – 60%

  • Loan Term – 12 months

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HCS Equity is a private money lender based in Carmel, California, specialized in loans for trust & estate property.

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Looking To Get Started?

Contact us today for more information regarding any of our loan products. As direct lenders, we make quick approval decisions, and can provide funding in as little as 7-10 days. We are available via phone or email anytime of the day or night.