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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/16/2017
Property Type
Industrial
Property City
South Gate
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
SDC Capital, a direct private lender based in Burbank, funded a $250,000 1st lien position bridge loan for the acquisition of an industrial property in South Gate, CA. Our Borrower was in search of a reliable funding source, given the quick closing timeline and the property’s proposed alternative use. This purchase bridge loan was funded in February 2017.
Funded By
SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.