Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/15/2017
Property Type
Single Family Residence
Property City
Los Angeles
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Purchase Price
100%
Exit Strategy
Sale
Deal Summary
SD Equity Partners, a hard money lender, funded a $705,000 1st lien position hard money loan for the acquisition of a single-family fix and flip project in Los Angeles, California. Our hard money loan was 100% of the purchase price. The Borrower has not made payments. The interest will be paid when the home is sold. This SFR hard money loan was funded in November 2017.