First Capital Trust Deeds funded a low-cost private money bridge to sale loan in Newport Beach. The recently constructed home was listed on the market, so keeping the carrying costs to a minimum were a priority for the borrower.
The result was a $1,525,000 bridge loan at 7.00% interest-only for 12-months.
Private Money Bridge Loan Details
Loan Amount: $1,525,000
Interest Rate: 7.00%
Term: 12 Months