Featured Loan

Hard Money Bridge Loan In Echo Park Los Angeles

Loan Details

Loan Amount: $550,000

Loan-To-Value:  X% LTV

Term:  12-Month

Situation & Challenge

COVID-19 just became an issue in the economy at the beginning of March. The buyer of this fixer upper needed to close quickly before conditions deteriorated.

Solution & Result

FCTD placed the loan with a family office in San Diego with a large portfolio of private money loans. The SD-based lender had funded numerous loans over the years in Echo Park and was comfortable at 65% LTV on this property even with the expectation that values will most likely deteriorate in 2020 due to market dynamics caused by COVID-19.

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