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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
07/17/2023
Property Type
Single Family Residence
Property City
San Antonio
Property State
TX
Loan Term (months)
12
Lien Type
1st Trust Deed
Payment Type
Interest Only
Purchase Price
$986,200
Loan-to-Purchase Price
75%
Borrower's Contribution to Purchase
25%
Location Type
Suburban
Interest Rate
11.99%
Deal Summary
Park Place Finance, a national direct private lender, funded a $739,650 1st lien position bridge loan for the acquisition of a single-family home in San Antonio, TX. We funded 75% of the $986,200 purchase price and the Borrower contributed 25% cash at closing. This was a first-time Borrower with Park Place Finance, introduced to them by a Broker Referral. The interest rate was 11.99%. The loan term was set at 12 months. This SFR purchase bridge loan was funded in July 2023.
Funded By
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors