Deal Details
Private Loan Type
Refinance
Approx. Funding Date
11/02/2017
Property Type
Retail
Property City
Vallejo
Property State
CA
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
48%
Interest Rate
6.95%
Deal Summary
Diversified Mortgage, a private lender, funded a $1,000,000 1st lien position refinance bridge loan secured by a retail property in Vallejo, CA. The loan-to-value was 48% and the interest rate was 6.95%, interest only, due in 2 years. This CRE refinance bridge loan was funded in November 2017.