The real estate investor was nearing the end of the subdivision process on this property in The City, splitting the lot, and needed cash to break ground on renovating the existing home plus construction for the other house. Approval was about a month away from being finalized so the investor wanted to have cash in hand the moment the approval was received.
FCTD secured a 12-month private money bridge loan through a Southern California investment fund. This fund specializes in $1,000,000+ loans for real estate investors with an established track record of buying, selling, developing, and flipping homes.
San Francisco Private Money Bridge Loan Terms:
- $1,200,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty