Refinance Bridge Loan for Condominium Unit in Sacramento, California

Funded by Arch Loans

$116,000

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.

Funded By

Arch Loans

Low and High Leverage Options, up to 90% of purchase price for fix & flip