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Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
10/01/2020
Property Type
2-4 Units Residential
Agricultural
Portfolio of Residential Properties
Property City
Schuylkill County
Property State
PA
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
20%
Deal Summary
Commonwealth Capital, a company that helps businesses and investors access real estate-secured capital, funded a $450,000 equity cash-out loan in 1st lien position secured by a farm and multiple residential investment properties in Schuylkill County, PA. Our loan-to-value was 20%. The funds will be used to renovate properties for lease-up and as working capital. The Borrower was a farm operator and real estate developer. The loan term was set at 24 months. This equity cash-out loan was funded in October 2020.
Funded By
Commonwealth Capital
Direct Bridge Lending for Real Estate Owners