Some loans need to close within one week in order to meet the close of escrow deadline date. The great thing about specializing in non-bank private money lending is that we can help buyers and realtors meet these deadlines in a pinch.
As was the case with this fast closing on a 70% LTV Bay Area private money bridge loan for a buyer who closed right on-time.
One of the things that First Capital Trust Deeds does well and does quite often is to close loans within a week. We’re not saying that it happens on every loan, but it happens several times a month for our repeat experienced borrowers as well as new clients.
Business purpose bridge loans for investment properties can move quickly through underwriting and valuation. This benefits all the parties involved including the buyer, seller, realtor, etc.
Private Money Bridge Loan Terms:
- $1,820,000 Loan Amount (70% LTV)
- 12-Month Term
- No Prepayment Penalty