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Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
03/16/2023
Property Type
Mixed-Use
Property City
Bellflower
Property State
CA
Loan Term (months)
48
Lien Type
1st Trust Deed
Location Type
Urban
Property Condition
Fair
Occupancy at Closing
Partially Occupied
Number of Units
4
Borrower's Plan
Continue Rental
Exit Strategy
Sale
Interest Rate
7.95%
Funded By
Diversified Mortgage
Multifamily Bridge Loans only. Interest Rates are 8.5% for 4-year term, 8.25% for 2 years, 7.95% for 1 year.
Dealmakers
Mike Meisenbach
Loan Agent
CA DRE Lic. 01049908