COVID-19 – $300,000 Private Money Bridge Loan in Long Beach

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COVID-19 – $300,000 Private Money Bridge Loan in Long Beach

First Capital Trust Deeds worked with an investor buying a new rental property in Long Beach who used a bridge loan to close out the transaction. With COVID-19, Non-QM rental property financing froze, which made investors look for private money financing to close acquisitions with the intent to refinance into a Non-QM rental property loan when that market comes back when the secondary market returns, which is expected during the summer of 2020. 

Private Money Bridge Loan Details

Loan Amount: $300,000
Loan-To-Value:  75%
Term: 12 Months

Do you have a similar financing scenario?
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