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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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.