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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
07/06/2018
Property Type
Single Family Residence
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 $3,350,000 1st lien position bridge loan secured by a single-family home in Los Angeles, California. The Borrower had the opportunity to pay off a bank note to pursue a savings and investment opportunity. Redwood Mortgage was able to make this loan based on the Borrower’s business track record and strong assets. The Borrower was a Foreign National. This SFR refinance bridge loan was funded in July 2018.
Funded By
Redwood Mortgage
In business for over 40 years. Lending in California Coastal Metro Areas.