Anaheim Hard Money Bridge Loan For Investment Property

Anaheim Hard Money Bridge Loan For Investment Property

The owner of this Orange County rental property needed an equity-based hard money bridge loan from First Capital Trust Deeds that would last a few months longer than the current lease which was eight months. After the lease ended they would list the property for what was expected to be a quick sale.

From our perspective, and that of the private money lender that funded the loan, this was a simple loan for an experienced borrower. The borrower had a great track record and really only needed an additional year of financing before cashing out on this property that was acquired a year earlier. Everyone, from the borrower to the trust deed investor, benefited by this $315,000 short-term loan at 73% LTV closing in just over one week.

Hard Money Bridge Loan Terms:

  • $315,000 Loan Amount (73% LTV)
  • 12.000% Interest-Only
  • $3,150/Month Payment
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.