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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
07/17/2018
Property Type
Multifamily
Property City
Pascagoula
Property State
MS
Loan Term (months)
12
Loan-to-Value
67%
Exit Strategy
Sale
Deal Summary
Archway Fund, a direct private lender based in LA, provided a $5,250,000 1st lien position refinance bridge loan secured by two multifamily properties in Pascagoula, Mississippi. The loan was closed with a $1M in cash-out. The loan-to-value was 67%. The Borrower required private money with no prepayment penalties as his exit is to sell. The loan term was set at 12 months. This refinance bridge loan was funded in July 2018.
Funded By
Archway Capital
National Non-Recourse Bridge Loan & Equity Provider