Single Family Residence
The borrowers used Stonecrest’s Bridge Loan program to help them downsize from their home in San Anselmo to a new home in Fairfax, Marin County. They needed to use this program in order to compete with non-contingent offers in the market place. We provided them with a $1,065,000 loan in 1st position on the purchase of the Fairfax home, crossing the departing residence in San Anselmo, which is a 1,212sqft two-story single family home built in 1926 and sits on 3.6 acres. It has 2 bedrooms and 1 bathroom. The tranquil property creates the feeling of a mountain paradise while only minutes to downtown Fairfax. The Fairfax home was built in 1959. It is 2,350sqft, has 4 bedrooms and 3 bathrooms, and sits on a 18,000 square foot lot. We funded this loan in May 2017.