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.