Deal Details
Private Loan Type
Commercial Property Value Add
Approx. Funding Date
01/15/2018
Property Type
Mixed-Use
Property City
San Francisco
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$1,550,000
Loan-to-Value
75%
Renovation Budget
$600,000
Deal Summary
Security Financial Services, a direct private lending firm based in San Francisco, funded a $2,150,000 1st lien position private money loan for a mixed-use property in San Francisco, CA. The purchase price was $1,550,000 and the rehab budget was $600,000. Our loan-to-cost was 75%. The loan term was set at 12 months. This private money loan was funded in January 2018.