Private Money Bridge Loan In Cypress

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Private Money Bridge Loan In Cypress

First Capital Trust Deeds secured a private money bridge loan in Cypress, California that helped buyers acquire an investment property with the intent to carry the loan for just five months until they could refinance into a conventional loan.

Although they were highly qualified buyers, they were held up by the fact that they didn’t show enough adjusted gross income (AGI) to qualify for a conventional loan.  We see this several times a month when working with self-employed borrowers.

The bridge financing provided a full year to fix the financing glitch and refinance into a long-term conventional mortgage.

Private Money Financing Terms:

  • $435,000 Loan Amount (50% LTV)
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.