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.