Refinance Bridge Loan for Commercial Multi-Tenant Retail Property in Bell, California

Funded by Diversified Mortgage

$690,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

05/31/2018

Property Type
Retail
Property City

Bell

Property State

CA

Lien Type

1st Mortgage

Payment Type

Interest Only

Deal Summary

Diversified Mortgage, a private lender, funded a $690,000 1st lien position refinance bridge loan secured by a multi-tenant retail property in Bell, CA. Our loan-to-value was 53% and the interest rate was 7%, amortized over 30 years, due in 2 years. This CRE refinance bridge loan was funded in May 2018.

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.