Long Beach, CA

$910,000

Multifamily

Purchase

02/02/2017
Transaction by
SDC Capital
SDC Capital funded a $910,000 bridge loan for the purchase of an 8-unit multifamily property in Long Beach, California. The borrower intends to complete minor unit renovations and refinance our loan within a year with conventional financing. Our pricing on this bridge loan was 7.99% interest only and 1 point origination fee. This loan was funded in February 2017.