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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/27/2019
Property Type
Single Family Residence
Property City
Corona
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Arch Loans, a private lender, funded a $400,000 1st lien position loan for the purchase of a single-family residence in Corona, CA. Arch Loans was able to close this loan in 4 days at the request of the Borrower. The fast funding time was achieved through the use of a BPO foregoing a traditional, prolonged appraisal coupled with the use of our line of credit program for Gold status Borrowers. This SFR bridge loan was funded in November 2019.
Funded By
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip