Loans to
Bridge Loan
Location: Castro Valley, CA
Funded: $1,430,000
Private Loan Type: Bridge
Deal Highlights:
Borrower’s purchase financing fell through at the last minute because the entity was a non-profit
We stepped in to provide a bridge loan in a matter of days to help them close their purchase transaction
Deal Summary:
The borrower came to us in a panic regarding bridge financing for a residential property purchase. Due to the complexity of their entity, the traditional lender they were working with was unable to perform. We reviewed the prelim, and had loan docs out in a matter of days, and closed shortly thereafter. Our ability to rapidly assess the situation allowed us to save the purchase transaction for our borrower.
Deal Details:
Property Type – Residential
Lien Position – First
Loan-to-Value – 65%
Loan Term – 12 months
