First Capital Trust Deeds secured an 85% LTV Bay Area hard money bridge loan for an investor buying a deeply discounted rental property to add to their portfolio.
The 85% Loan-to-Value (LTV) 12-month loan closed relatively quickly. It happened within a week of application as both buyer and seller wanted to close fast. The San Francisco based hard money trust deed investor walked the property in lieu of ordering an appraisal, which expedited the closing.
Hard Money Bridge Loan Terms:
- $250,000 Loan Amount
- 12-Month Term
- No Prepayment Penalty