Bridge Loan for Mission District Industrial Property Acquisition

Funded by Security Financial Services

$850,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

09/04/2014

Property Type
Industrial
Property City

San Francisco

Property State

CA

Interest Rate

%

Origination Points

%

Deal Summary

$850K 1st trust deed bridge loan for the purchase of a vacant warehouse in the Mission District of San Francisco. The purchase price was $1,350,000 and the Borrower put down 37% in cash. He plans to obtain construction financing and re-develop the site into condos. The loan term is 1 year. We funded this bridge loan just 10 days after the initial inquiry, in September 2014.

Funded By

Security Financial Services

Direct Lender for Northern California Property Investors | Established 1943