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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/15/2012
Property Type
2-4 Units Residential
Property City
Long Beach
Property State
CA
Interest Rate
%
Origination Points
%
Deal Summary
$1M Private money bridge loan for the refinance of a 4-unit residential property in Long Beach, LA County. The previous 1st mortgage was maturing and needed to be paid off quickly. The property was appraised for $2,400,000 so the LTV of this bridge loan was 42%.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide