Deal Details
Private Loan Type
Purchase
Approx. Funding Date
08/15/2018
Property Type
2-4 Units Residential
Property City
Lilburn
Property State
GA
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$205,000
Deal Summary
Mofin Lending, a direct lender, funded a $133,250 1st lien position bridge loan for the acquisition of a rental property in Lilburn, Georgia. The subject property has a debt-to-income ratio of 69%. The purchase price was $205,000. This purchase bridge loan was funded in August 2018.
Funded By
MoFin Lending
Direct Lender for Real Estate Investors