Purchase Bridge Loan of Mixed-Use Property in San Francisco, California

Funded by Diversified Mortgage

$1,000,000

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.

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.