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San Diego Balboa Park Private Money Bridge Loan

San Diego Balboa Park Private Money Bridge Loan

First Capital Trust Deeds secured a cash-out San Diego Balboa Park Private Money Bridge Loan for an investor using the proceeds as a down payment on another multi-unit acquisition.

The 12-month equity-based bridge loan for $460,000 through a trust deed investor from Los Angeles closed in less than one week.  The TD investor internally valued the property at just over $1,000,000 so no appraisal was necessary.  Just a 5-10 minute site inspection of the property by the lender was required.  

12-Month Bridge Loan Terms:

  • $460,000 Loan Amount (<50% LTV)
  • 10.00% Interest-Only
  • 12-Month Term 
  • No Prepayment Penalty


For Private Money Bridge Loan scenarios in California, Oregon, or Washington, please contact Brett Everett or Ted Spradlin.

Skills

Posted on

January 9, 2017