Deal Details
Private Loan Type
Purchase
Approx. Funding Date
04/16/2015
Property Type
Single Family Residence
Property City
San Francisco
Property State
CA
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
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