Case Study

Listed for Sale - $200,000 Bridge Loan in Agoura Hills

Loan Details

Loan Amount:  $200,000

Loan-To-Value:  60% LTV

Rate:  8.50% 

Term:  12-Month

Situation & Challenge

The owner of a rental condo in Agoura Hills wanted to tap into the equity in the property to make upgrades before listing for sale. 

The only challenge was that this had been an on-again, off-again rental and primary residence. At present, it was being vacated by the owner, who had recently lived in the unit. 

Solution & Result

First Capital Trust Deeds worked with a fund in San Diego that wrote the loan as a consumer purpose loan since the owner had up until recently lived in the property after many years renting the unit out.

The $200,000 bridge loan closed and within a week, the owner received a full-price offer through their realtor prior to the home hitting the market. 

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