Featured Loan

Non-Warrantable Condo Purchase

Loan Details

Loan Amount:  $682,500

Loan-To-Value:  65% LTV

Term:  12-Month

Situation & Challenge

An investor buying a non-warrantable condo as a rental property needed to close quickly after several conventional lenders turned the loan down due to non-warrantable status.

Every few months First Capital Trust Deeds receives a call from either a realtor, a mortgage broker, or a buyer requesting financing within 10 days to close on a non-warrantable condo.

Solution & Result

First Capital Trust Deeds worked with a San Diego-based investment fund to quickly obtain approval and loan documents on a 12-month bridge loan for the investor acquiring the unit. 

The buyer acquired the unit and refinanced into a conventional loan within a year, paying off the private money bridge loan. 

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