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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/02/2018
Property Type
Multifamily
Property City
Los Angeles
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Redwood Mortgage, a direct private money lender headquartered in the Bay Area, funded a $1,150,000 1st lien position bridge loan secured by a multifamily property in Los Angeles, California. The CLTV was 62%. The Borrower needed a cash-out for the acquisition of another multi-family investment property. The Borrower presented strong financials along with a history of other performing real estate income properties. This cash-out refinance bridge loan was funded in May 2018.
Funded By
Redwood Mortgage
In business for over 40 years. Lending in California Coastal Metro Areas.