)
Deal Details
Private Loan Type
Refinance
Approx. Funding Date
10/02/2020
Property Type
Portfolio of Residential Properties
Property City
Baltimore
Property State
MD
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
44%
Deal Summary
Commonwealth Capital, a company that helps businesses and investors access real estate-secured capital, funded a $235,000 refinance bridge loan in 1st lien position for a portfolio of four residential properties in Baltimore, MD. Our loan-to-value was 44%. The funds were used to pay closing costs, establish an interest reserve, and refinance three SFR properties. The Borrower was a real estate investor in Baltimore, MD. The loan term was set at 24 months. This refinance bridge loan was funded in October 2020.
Funded By
Commonwealth Capital
Direct Bridge Lending for Real Estate Owners