Bridge Loan For Pre-Development Property in San Jose

, , ,
Bridge Loan For Pre-Development Property in San Jose

A San Jose real estate investor used a 12-month private money bridge loan to acquire this pre-development property situated amidst mixed-use properties and apartment buildings. The property was located two blocks off the 101 Freeway and near many high-tech headquarters.

First Capital Trust Deeds secured a $1,100,000 private money loan for the acquisition. This financing gave the investor a 1-year window to work with the city of San Jose on plans to build an apartment building on the site to maximize the highest and best use of the property.

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.