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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/08/2022
Property Type
Single Family Residence
Property City
Playa del Rey
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Lot Square Footage
4,900
Deal Summary
Trinity Mortgage Fund provided an acquisition loan for a 4900-square-foot luxury SFR in the amount of $2,800,000, just steps away from the beach in Playa del Rey, CA. With this acquisition loan, our Borrower was able to prepare this property for independent senior living. The loan term was set at 12 months and Trinity Mortgage Fund closed this loan in less than three weeks! This purchase loan was funded in February 2022.
Funded By
Trinity Mortgage Fund
Trusted and Experienced Direct Real Estate Lenders