Refinance Bridge Loan for Retail Property in Vallejo, California

Funded by Diversified Mortgage

$1,000,000

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.

Funded By

Diversified Mortgage

Multifamily Bridge Loans only. Interest Rates are 8.5% for 4-year term, 8.25% for 2 years, 7.95% for 1 year.