First Capital Trust Deeds secured the 75% LTV hard money bridge loan in Los Angeles for a developer planning to convert this Spanish-style home into a contemporary modern home double the size.
The hard money loan, with an 18-month term, gave the developer plenty of time to complete the plans, obtain permits, and line up the construction financing either through a bank or through new equity partners/investors.
75 LTV Hard Money Bridge Loan In Los Angeles Terms:
- $1,188,000 Loan Amount
- 12-Month Term
- 3-Month Prepayment Penalty