Reverse 1031 Exchange Bridge Loan for Rental Home Purchase in Salinas, California

Funded by Stonecrest Financial


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value




Building Square Footage


Deal Summary

Stonecrest Financial, a direct private mortgage lender based in San Jose, funded a $625,000 1st lien position bridge loan for the acquisi6ion of a single-family home in Salinas, CA. Our Borrower was purchasing this investment property and wanted to utilize Stonecrest’s 1031 Reverse Exchange financing program. The subject property was being purchased for $705k. We cross collateralized the loan against 2 additional investment properties in order to achieve a 59% combined loan to value. This helped our borrower close on the new investment property before having to sell their relinquished properties. This 3-bedroom, 2-bathroom, 1,861sqft home was built in 1971. The home features large bedrooms, french patio doors, and original hardwood tongue and grove floors. Stonecrest funded this SFR purchase bridge loan in January 2017.

Funded By

Stonecrest Financial

Bridge Loans & True Revolving Line of Credit in 1st or 2nd Position