$1,300,000 Private Money Bridge Loan-To-Sale

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$1,300,000 Private Money Bridge Loan-To-Sale

First Capital Trust Deeds funded a $1,300,000 private money bridge loan to sale on a new construction SFR in Newport Beach. The completed home was listed for sale on the market and the 12-month private money bridge loan at 7.00% would provide the developer with lower carrying costs on the property during the marketing period.

Private Money Bridge Loan Details Section

Loan Amount: $1,300,000
Loan-To-Value: 35%
Interest Rate: 7.00%
Term: 12 Months

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