Purchase Bridge Loan for Multifamily Property in San Francisco, California

Funded by Security Financial Services

$1,820,000

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.

Funded By

Security Financial Services

Direct Lender for Northern California Property Investors | Established 1943