First Capital Trust Deeds worked with a family office with real estate portfolio and a lending division to structure a three-property private money blanket loan in Northern California. The loan provided the owner of the three retail properties with cash-out proceeds to make renovations to the buildings. The owners plan to refinance the private money bridge loan into a new bank loan during the coming year.
Private Money Blanket Loan Terms
Loan Amount: $1,900,000
Term: 12 Months