Purchase Bridge Loan for 6-Unit Multifamily Property in San Francisco, California

Funded by Diversified Mortgage

$2,613,000

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.

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.