Loans to
Bridge

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

3-unit-apartment-building

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

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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.