Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/31/2018
Property Type
Retail
Property City
Bell
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Diversified Mortgage, a private lender, funded a $690,000 1st lien position refinance bridge loan secured by a multi-tenant retail property in Bell, CA. Our loan-to-value was 53% and the interest rate was 7%, amortized over 30 years, due in 2 years. This CRE refinance bridge loan was funded in May 2018.