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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/30/2018
Property Type
Mixed-Use
Property City
Dana Point
Property State
CA
Lien Type
1st Mortgage
Payment Type
Amortized
Deal Summary
Diversified Mortgage, a private lender, funded a $1,164,000 1st lien position refinance bridge loan secured by a mixed-use property in Dana Point, CA. Our loan-to-value was 47%. The interest rate was 7%, amortized over 30 years, due in 2 years. This refinance 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.