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Deal Details
Private Loan Type
Residential Rehab
Approx. Funding Date
11/15/2013
Property Type
Single Family Residence
Property City
San Diego
Property State
CA
Interest Rate
%
Origination Points
%
Deal Summary
$750K Hard money bridge loan for a single family home in the Point Loma neighborhood of San Diego. The property was purchased through a probate sale. The Borrower needed private money to close the transaction quickly and to maintain enough funds for the rehab/construction costs. The property was appraised for $1,240,000 so the LTV of this bridge loan is 60%.
Funded By
Wilshire Quinn Capital, Inc.
Bridge Loans for Commercial and Residential Property Nationwide