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SDC Capital
Family Office Lender with Competitive Terms in 1st or 2nd Lien Position
$250,000 - $5,000,000
6.99% - 9.99%
1.00% - 2.00%
65%
70%
3 to 24 months
RRA Capital
Direct Bridge Lender for CRE | Non-Recourse, No Appraisals Required
$2,000,000 - $15,000,000
4.75% - 8.50%
0.50% - 2.00%
80%
85%
12 to 60 months
Bloomfield Capital
The Direct Bridge Lender and Equity Provider for Urgent Projects
$2,000,000 - $20,000,000
8.00% - 12.00%
2.00% - 6.00%
70%
80%
6 to 36 months
Mezzanine Financing for Santa Barbara Multifamily Property Acquisition
$800,000
Transaction by SDC Capital
SDC Capital provided a mezzanine 2nd mortgage for the acquisition of a 28-unit multifamily property near Downtown Santa Barbara, California. The Borrowers had plans for a major renovation, and needed additional funds to close. They had already secured senior financing from a bank at a lower interest rate and brought a 36% down payment in cash. The combined loan-to-purchase with our $800,000 2nd mortgage was 66%. The Borrowers also funded all of the renovation costs with their own money, so our loan did not include any holdbacks. We priced this 2nd lien loan aggressively at 9.00% and 1.5 points, with a loan term of 24 months. We did not require an appraisal. This mezzanine loan was funded in July 2019.