San Jose, CA

$615,000

Single Family Residence

Refinance

11/17/2014
Transaction by
Security Financial Services
Private bridge loan secured by a single family rental home in West San Jose, funded in November 2014. The Borrowers owned the property free and clear, but they need to cash out some equity to use for other Bay Area real estate investments. The property was valued at $870K, resulting in just over 70% LTV. The Borrowers will work on a conventional refinance in the next 6 months. The term for this 1st trust deed mortgage is 1 year.