Bridge Loan for SFR in Canoga Park, California

Funded by Arch Loans

$575,000

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.

Funded By

Arch Loans

Low and High Leverage Options, up to 90% of purchase price for fix & flip