Purchase Bridge Loan for Multi-Tenant Commercial Property in Eldorado Hills, California

Funded by Diversified Mortgage

$978,750

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

12/12/2017

Property Type
Office
Property City

El Dorado Hills

Property State

CA

Lien Type

1st Mortgage

Payment Type

Amortized

Term

5 years

Interest Rate

6.95%

Deal Summary

Diversified Mortgage, a private lender, funded a $978,750 1st lien position bridge loan for the acquisition of a multi-tenant commercial property in Eldorado Hills, CA. The interest rate was 6.95%, amortized over 30 years, due in 5 years. This CRE purchase bridge loan was funded in December 2017.

Funded By

Diversified Mortgage

Multifamily Bridge Loans only. Interest Rates are 8.5% for 4-year term, 8.25% for 2 years, 7.95% for 1 year.