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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
05/17/2018
Property Type
Single Family Residence
Property City
Los Angeles
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
65%
Interest Rate
8.99%
Deal Summary
Private Mortgage Fund, a direct California private lender, funded a $1,527,500 1st lien position bridge loan for the acquisition of a luxury single-family home in Los Angeles, CA. The Borrower was buying an investment SFR and needed to close in 5 days or less. We financed 65% LTV at 8.99% interest only for 12 months. This SFR purchase bridge loan was funded in May 2018.
Funded By
Private Mortgage Fund, LLC
CA Direct Lender Funding in Less Than 1 Week with No Prepayment Penalty