Deal Details
Private Loan Type
Purchase
Approx. Funding Date
01/05/2019
Property Type
Single Family Residence
Property City
Canoga Park
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
ARCH Loans, a private lender, funded a $575,000 1st lien position bridge loan for the acquisition of a single-family home in Canoga Park, California. The rehab amount was $155,000 and the after-repair value was $833,000. This SFR purchase bridge loan was funded in January 2019.