Private Money Bridge Loan In Rocklin California

Private Money Bridge Loan In Rocklin California

A homeowner used a $100,000 private money bridge loan in Rocklin California from First Capital Trust Deeds to make renovations to a newly acquired free and clear property.

The previous owners had deferred significant maintenance to the property that the new owners wanted to remedy and renovate. We see this quite a bit with former distressed homes, either bank-owned or short sales of deeply underwater homes from Housing Bubble 1.0. The previous homeowner didn’t want to spend any money on repairs since they knew eventually they’d be moving out of the house, which therefore leads to new owners having an extra level of work to complete on the property.

12-Month Bridge Loan Terms:

  • $100,000 Loan Amount
  • 8.00% Interest-Only
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
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