Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
07/15/2016
Property Type
Condominium
Property City
Washington
Property State
DC
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
71%
Deal Summary
Adler Private Lending, a direct lender for DC and Northern Virginia, funded a $1,100,000 1st lien position hard money loan for a condominium fix and flip project in Columbia Heights, Washington DC. Our loan-to-value was 71%, interest accrued. The loan term was set at 12 months. This hard money loan was funded in July 2016.