12-Month Bridge Loan In Mission Beach San Diego

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12-Month Bridge Loan In Mission Beach San Diego

First Capital Trust Deeds secured the private money 12-month bridge loan in Mission Beach San Diego for a real estate investor seeking a quick closing on the property.

Every month or so, home buyers, realtors, and/or conventional mortgage brokers, will call asking if we can close escrow within a 3-4 days or else their deal will fall through. Sometimes things come up at the last minute in the underwriting process with traditional financing and buyers need to resort to taking out a private money loan in order to close escrow on time. That’s the beauty of private money financing where business purpose loans can close within just a few days as long as title, escrow, and buyer funds are available.

12-Month Bridge Loan Terms:

  • $1,050,000 Loan Amount
  • 9.50% Interest-Only
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.