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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/15/2016
Property Type
Industrial
Property City
Murrieta
Property State
CA
Interest Rate
%
Origination Points
%
Deal Summary
In November 2016, Archway Fund financed a $6.2MM bridge loan to purchase a 120,000 square foot industrial building in Murrieta, Riverside County. The loan was secured by a 1st trust deed on the property and further secured by a 3rd trust deed on their existing industrial building located in the City of Industry, CA. The borrower was looking to bridge the purchase of the property with a 1st trust deed loan on the property and a 3rd trust deed loan on the Departure Building. The loan term was 12 months.
Funded By
Archway Capital
National Non-Recourse Bridge Loan & Equity Provider