Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
03/15/2023
Property Type
Multifamily
Property City
West Hollywood
Property State
CA
Loan Term (months)
24
Lien Type
1st Trust Deed
Property Value
$3,450,000
Loan-to-Value
68%
Location Type
Urban
Property Condition
Poor
Occupancy at Closing
Vacant
Borrower's Plan
Rehab and Sell
Exit Strategy
Sale
Borrower Credit Rating
Average
Interest Rate
7.95%
Origination Points
2%
Deal Summary
Financed 100% vacant multifamily property
Funded By
Diversified Mortgage
Our Current Maximum Fixed Interest Rate is 7.95% for 4-year term and 7.75% for 2-year term
Dealmakers
Mike Meisenbach, CPA
Loan Agent
CA DRE Lic. 01049908
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