Purchase Bridge Loan (To Foreign National) for Retail Storefront in Pasadena, California

Funded by Private Mortgage Fund, LLC

$810,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

06/09/2018

Property Type
Retail
Property City

Pasadena

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Loan-to-Value

60%

Deal Highlights

NO appraisal, NO credit, and NO prepay penalty.
As an equity lender, PMF did not require the owner to be a US resident.

Deal Summary

Private Mortgage Fund, a direct California private lender, funded an $810,000 1st lien position bridge loan for the acquisition of a retail storefront in Pasadena, California. PMF was able to fund 60% loan-to-value on the purchase price with no appraisal, no credit, and no prepay penalty. As an equity lender, PMF did not require the owner to be a US resident. This purchase bridge loan was funded in June 2018.

Funded By

Private Mortgage Fund, LLC

CA Direct Lender Funding in Less Than 1 Week with No Prepayment Penalty