Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/15/2018
Property Type
Mixed-Use
Property City
San Francisco
Property State
CA
Lien Type
1st Mortgage
Payment Type
Amortized
Deal Summary
Diversified Mortgage, a private lender, funded a $1,000,000 1st lien position bridge loan for the acquisition of a mixed-use property in San Francisco, CA. Our loan-to-value was 59%. The interest rate was 6.95%, amortized over 30 years, due in 5 years. This purchase bridge loan was funded in March 2018.