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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/21/2018
Property Type
Industrial
Property City
Colton
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
60%
Deal Summary
Private Mortgage Fund, a direct California private lender, funded a $1,560,000 1st lien position bridge loan for the acquisition of industrial property in Colton, San Bernardino County, CA. PMF funded the subject property at 60% loan-to-value. The Borrower needed quick bridge financing and was able to obtain a $1,560,000 loan in 7 days or less from PMF. This CRE purchase bridge loan was funded in March 2018
Funded By
Private Mortgage Fund, LLC
CA Direct Lender Funding in Less Than 1 Week with No Prepayment Penalty