First Capital Trust Deeds closed a $2,200,000 private money bridge-to-construction loan in Orange County for a property located near the Balboa Island ferry and within walking distance to the bayfront. First Capital Trust Deeds worked with a seasoned local developer from the beginning of the acquisition and represented the developer through the purchase negotiation. FCTD brought their experience and local expertise to the purchase, which allowed flexibility on construction financing for the client’s project.
Private Money Bridge-To-Construction Loan Terms:
- $2,200,000 Total Loan Amount
- 15-Month Term
- 6 Scheduled Construction Draws