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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/16/2018
Property Type
Office
Property City
Paramount
Property State
CA
Lien Type
1st Mortgage
Payment Type
Amortized
Loan-to-Value
65%
Term
5 years
Interest Rate
6.95%
Deal Summary
Diversified Mortgage, a private lender, funded a $650,000 1st lien position bridge loan for the acquisition of an office property in Paramount, CA. Our loan-to-value was 65%. The interest rate was 6.95%, amortized over 30 years. The loan term was set at 5 years. This purchase bridge loan was funded in February 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.