$2M California Private Money Bridge Loan

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$2M California Private Money Bridge Loan

First Capital Trust Deeds secured a $2,000,000 acquisition loan for a recently completed high-end home located in the Tarzana submarket of Los Angeles. The Property is a 5-bedroom 7 bath home with a pool, basketball court, and wine cellar.

Challenges:
The borrower was a self-employed entrepreneur who was not able to meet the closing deadline on the investment property due to lengthy conventional mortgage underwriting timelines.

Solution:
First Capital was able to secure quick financing with one of their direct high net worth family offices for a 10-business day closing.

First Capital has multiple direct relationships with family offices able to fund similar acquisition loans for clients not able to meet deadlines. Contact us to learn more.