Bridge Loan for Mission District Industrial Property Acquisition

Funded by Security Financial Services

San Francisco, CA




Transaction by
Security Financial Services
$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.