Case Study

24-Month Bridge Loan For Listed Property

Loan Details

Loan Amount:  $4,500,000

Loan-To-Value:  <50% LTV

Term:  24 Months

Situation & Challenge

A builder completed this spectacular home, needed to pay off the construction loan, and wanted to pull cash from the property to go toward the next project. But luxury spec homes sometimes take a while to market and sell.

FCTD worked with a private money investment fund to provide a 24-month loan that allowed the borrower to wait for the right offer to come in.

Solution & Result

First Capital Trust Deeds worked with a private money investment fund to provide a 24-month loan that allowed the borrower to wait for the right offer to come in.

The right offer did come in on the property and it sold within a year.

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.