Owner Occupied Private Loans
12-month private money bridge loans can be used by well-qualified borrowers to acquire a new home when they are under a tight closing deadline or had a last minute underwriting condition appear that required switching to hard money to close. If you need to close quickly, First Capital Trust Deeds may be able to help.
Owner-Occupied Bridge Loan Details
- 11 & 12 month terms
- $500,000 minimum loan amount
- Rates starting at 10.50%
- Up to 70% LTV of purchase price
- Income qualified by W-2, 1099, P&L, business or personal bank statements
- Cross-collateral financing available
(new purchase & home you're selling) - Available in CA, OR, AZ, UT, & FL
- Must be able to refinance into conventional or jumbo loan within 12 months
Owner Occupied Success Stories
Providing investors with the financing they need.
Owner Occupied Bridge Loan – Oregon
- $1,350,000
- 11-Month Term
- Cross-Collateral loan
Owner Occupied HELOC – Business Purpose
- $4,000,000
- 24-Month Term
- 2nd Position
Primary Residence – Seattle, WA
- $2,400,000
- 7-Year ARM