Deal Details
Private Loan Type
Purchase
Approx. Funding Date
12/20/2017
Property Type
Multifamily
Property City
San Francisco
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Term
5 years
Deal Summary
Diversified Mortgage, a private lender, funded a $2,613,000 1st lien position bridge loan for the acquisition of a 6-unit multifamily property in San Francisco, CA. Our loan-to-value was 65% and the interest rate was 6.95%, interest only, due in 5 years. This purchase bridge loan was funded in December 2017.