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.