Featured Loan

Office Building Private Money Bridge Loan

Loan Details

Loan Amount:  $1,750,000

Loan-To-Value:  60% LTV

Term:  12-Month

Situation & Challenge

A real estate investor wanted to complete the sale of this office building in California using a private money loan. This was a straight forward situation where the buyer needed to close quickly with private money and would refinance within a year into bank financing.

Solution & Result

First Capital Trust Deeds provided a 12-month private money bridge loan that didn’t require an appraisal or site inspection, which increased the speed of closing. The buyer closed quickly and refinanced into long-term financing six months later.

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