COVID-19: $3,600,000 Apartment Building Bridge Loan

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COVID-19: $3,600,000 Apartment Building Bridge Loan

First Capital Trust Deeds secured a $3,600,000 private money bridge loan for the owner of this Southern California apartment building. The 12-month bridge loan paid off a first and second mortgage as well as providing cash-out proceeds to make renovations prior to listing the building for sale this upcoming summer.

Private Money Bridge Loan Details

Loan Amount: $3,600,000
Loan-To-Value: 45%
Term: 12 Months

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