Refinance Bridge Loan for SFR in Newport Beach, CA
Funded by LBC Capital Income Fund, LLC
$2,250,000
)
Deal Details
Private Loan Type
Refinance
Approx. Funding Date
04/18/2025
Property Type
Single Family Residence
Property City
Newport Beach
Property State
CA
Loan Term (months)
12
Lien Type
1st Trust Deed
Payment Type
Interest Only
Property Value
$3,470,000
Loan-to-Value
65%
Location Type
Urban
Property Condition
Good
Occupancy at Closing
Owner-Occupied
Number of Units
1
Borrower Credit Rating
Good
Interest Rate
11%
Deal Summary
The borrower had no funds for a down payment and needed to close yesterday. We pulled cash out from their primary residence to pay off existing liens and cover the down payment. Closed the purchase of an investment property in just 4 days. Creative structure. Fast execution. Real solutions.
Funded By
LBC Capital Income Fund, LLC
Bridge Loans for Real Estate Investors
Dealmakers
Boris Dorfman
Fund Manager
Kirill Pilipenko
VP of Business Development