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Deal Details
Private Loan Type
Commercial Property Value Add
Approx. Funding Date
03/15/2018
Property Type
Multifamily
Property City
Berkeley
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$1,150,000
Loan-to-Purchase Price
75%
Renovation Budget
$290,000
Number of Units
6
Deal Summary
Security Financial Services, a direct private lending firm based in San Francisco, funded a $1,440,000 1st lien position private money rehab loan for a multifamily property in Berkeley, CA. An investor commits $1,150,000 for the purchase and $290,000 for the rehabilitation of a 6-unit multifamily property. Utilizing a 75% Loan-to-Cost ratio, this strategic approach is executed within a 12-month term, reflecting a calculated effort to transform the property efficiently. This private money rehab loan was funded in March 2018.
Funded By
Security Financial Services
Direct Lender for Northern California Property Investors | Established 1943