Sacramento, CA

$615,000

Multifamily

Purchase

11/14/2014
Transaction by
Wilshire Finance Partners
$615K Private money bridge loan for the acquisition of a 10-unit apartment building in Sacramento. The Borrower is a long time client of Wilshire Finance Partners. He put down 35% cash toward the purchase, Wilshire FP funded 65% of the cost and was able to close just 9 days after receiving the application. The Borrower plans to make some improvements to the property and refinance with a conventional loan within 2 years.