First Capital Trust Deeds provided a $465,000 hard money bridge loan in Oklahoma for an investor buying an apartment building in need of renovations. The buyer had a plan to invest money into the building, upgrading units and making much needed capital improvements to the property. The exit strategy was to refinance the hard money bridge loan after the renovations were completed and rents had been increased at renewal for many of the units.
Private Money Bridge Loan Terms
Loan Amount: $465,000
Term: 12 Months