First Capital secured the 85% Loan-to-Value (LTV) four-plex hard money loan in the form of a bridge-to-permanent financing. The buyer planned on renovating the four units, increase rents and refinance into a long-term rental property loan using new appraised value.
Four-Plex Hard Money Loan Terms:
- $722,000 Loan Amount
- 85% LTV
- 12-Month Bridge Loan
- No Prepayment