Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/15/2018
Property Type
Multifamily
Property City
San Francisco
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
70%
Number of Units
10
Deal Summary
Security Financial Services, a direct private lending firm based in San Francisco, funded a $1,820,000 1st lien position bridge loan for the acquisition of a 10-unit multifamily property in San Francisco, CA. Our loan-to-value was 70%. The loan term was set at 12 months. This purchase bridge loan was funded in February 2018.