Refinance Bridge Loan for SFR in Napa, California

Funded by Center Street Lending

$2,775,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

01/01/2025

Property Type
Single Family Residence
Property City

Napa

Property State

CA

Loan Term (months)

12

Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value

$5,100,000

Previous Loan Balance

$2,150,000

Loan-to-Value

54%

Location Type

Suburban

Building Square Footage

5,196

Lot Acreage

0.50

Borrower's Plan

Build and Sell

Exit Strategy

Sale

Deal Summary

Center Street Lending, a direct lender for residential real estate investors, funded a $2,775,000 bridge loan secured by a single-family home in Napa, CA. The property value was estimated at $5,100,000 so our loan-to-value was 54%. We paid off a previous loan balance of $2,150,000.This newly designed contemporary residence in the Silverado Crest community stands out as a one-of-a-kind home at Silverado Resort. The luxurious smart home seamlessly blends advanced technologies with eco-friendly, sustainable features. The subject property is approximately 5,196 square feet set in a 0.50-acre lot. The Borrower plans to sell the property as an exit strategy. The loan term was set at 12 months. This bridge loan was funded in January 2025.

Funded By

Center Street Lending

Smarter Loans for Residential Investors

Dealmakers

Rick Cortez

Loan Origination Manager

Rick Cortez has over 15 years of experience in the private client lending space with extensive history serving the High-Net-Worth and Ultra-High-Net-Worth community. Prior to joining Center Street Lending, Rick Cortez has been exposed to financial institutions such as Morgan Stanley Wealth Management, Smith Barney, JP Morgan & Chase, PCMA Private Client, and Bear Stearns, where he successfully managed channel originations, business development & coaching of financial advisors to significantly increase AUM.

During his tenure with Morgan Stanley WM, Rick has successfully managed one of the largest system conversions on Wall Street where he strategically coached and developed private bankers, financial advisors, and support staff. His experience in lending and business management has allowed for a holistic understanding and approach to his clients.

Rick is a graduate of the University of Southern California and holds a dual degree in Business Administration from Marshall School of Business and Sociology.