Hard money mortgage brokerage First Capital Trust Deeds secured a cash-out 8-month term on a Bay Area private money bridge loan opportunity at 73% Loan-to-Value (LTV).
Cash-out proceeds were used to make renovations to the condominium before listing for sale.
Bay Area Private Money Bridge Loan Terms:
- $470,000 Loan Amount
- 8-Month Term
- 3-Month Interest Guarantee (3 Payments Required)