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
Interest Rate: 7.00%
Term: 12 Months