First Capital Trust Deeds closed a $1,050,000 12-month private money bridge loan in San Diego for an investor using the cash-out proceeds as the source of down payment funds on another investment property.
The loan closed within 10 days which allowed the other transaction to close on-time.
12-Month Bridge Loan Terms:
- $1,050,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty