Featured Loan12-Month Bridge Loan on Listed Home
Loan Amount: $1,450,000
Loan-To-Value: 65% LTV
Situation & Challenge
An investor selling a high-end property needed additional time to sell the property due to longer selling cycles of luxury properties.
The other part of the equation is a lower cost structure on the bridge loan. Anyone can do a 12-month loan at 3 points and 11.00%. The seller needed something better that would keep the ROI on this property near original projections.
Solution & Result
First Capital Trust Deeds secured a 12-month bridge loan for the owner at very favorable terms with an interest rate <9.00%.