COVID-19 – Multi-Family Hard Money Bridge Loan

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COVID-19 – Multi-Family Hard Money Bridge Loan

First Capital Trust Deeds closed a multi-family hard money bridge loan for an investor acquiring a 5-unit apartment building in Sacramento. The $305,000 loan for 12-months allows the investor time to make improvements to the building and raise rents before refinancing into a long-term institutional loan.

Private Money Bridge Loan Details

Loan Amount: $305,000
Loan-To-Value:  55%
Rate: 9.50%
Term: 12 Months

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