Deal Details
Private Loan Type
Refinance
Approx. Funding Date
12/19/2019
Property Type
Condominium
Property City
Sacramento
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Occupancy at Closing
Tenant-Occupied
Deal Summary
Arch Loans, a private lender, funded a $116,000 1st lien position bridge loan secured by a condominium unit in Sacramento, CA. This property had been stabilized and was leased out. The Borrower was looking for a lower rate and a quick close to continue to generate cash flow from the property. This was the second funding ARCH has completed for this Borrower in the last month. This refinance bridge loan was funded in December 2019.