Private Money Loan for Noe Valley Investment Property Acquisition

Funded by Security Financial Services

$1,505,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

04/16/2015

Property Type
Single Family Residence
Property City

San Francisco

Property State

CA

Interest Rate

%

Origination Points

%

Deal Summary

Private money loan for the acquisition of a vacant single family home in San Francico’s Noe Valley neighborhood. The purchase price was $2,150,000. The Borrower put down $645,000 (30%) in cash. He plans to rent to a 3rd party tenant while working to entitle the property into a high-end home with greater square footage, additional beds/baths, a new patio, and luxury furnishings. We were able to close in just 5 business days, in April 2015. The loan term was 1 year.

Funded By

Security Financial Services

Direct Lender for Northern California Property Investors | Established 1943