Featured LoanWalnut Creek Hard Money Bridge Loan
Loan Amount: $300,000
Loan-To-Value: 60% LTV
Situation & Challenge
The experienced real estate investor needed to pull money out of a property in their fix and flip pipeline to fund the acquisition of another fixer upper they were closing on.
Solution & Result
First Capital Trust Deeds provided the investor with a quick $300,000 cash-out bridge loan using an 18-month term which allowed this busy investor to take their time with this project. Closing this loan took less than one week as FCTD’s lender lived near the subject property and was able to fund after doing a 10-minute site inspection.