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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/14/2018
Property Type
Mixed-Use
Property City
San Francisco
Property State
CA
Loan Term (months)
48
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
59%
Interest Rate
6.95%
Deal Summary
Diversified Mortgage, a private lender, funded a $1,000,000 1st lien position purchase bridge loan for the acquisition of a mixed-use property in San Francisco, CA. Our loan-to-value was 59% and the interest rate was 6.95% which was due in 4 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.