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Deal Details
Private Loan Type
Residential Long-Term Rental
Approx. Funding Date
07/25/2019
Property Type
Single Family Residence
Property City
San Jose
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
First Bridge Lending, a direct private lender, funded a $300,000 1st lien position cash-out refinance loan secured by a single-family rental home in San Jose, CA. The Borrowers will use the proceeds of this loan to remodel the subject property and to remodel another rental they own. This SFR private money long-term rental loan was funded in July 2019.
Funded By
First Bridge Lending
Direct Lender for California Real Estate Investors | No Appraisal Required