© FUNDED LOAN JUNE 2024
$1,825,000 1st DOT Refinance/Construction Bridge Loan
First deed of trust · Refinance · Construction Bridge loan · Multi-family
SUCCESS STORY
A repeat borrower needed to refinance and fund construction on a multi-family building.
LOAN GOAT ACTION
A $1,825,000 first trust deed refinance construction bridge loan, at roughly 64% of value, with a construction holdback released on draws. Payoff comes from stabilization and a refinance.
VALUE ADDED
The loan funded, and the borrower retired the old loan and kept the project on track.
© MORE FUNDED LOANS CONSTRUCTION LOANS
MORE FUNDED LOANS
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$2,980,000 1st DOT Refinance/Construction Loan
A repeat borrower needed to refinance and fund construction on a multi-family building in San Diego.
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$1,575,000 1st DOT Refinance/Construction Loan
A repeat borrower needed to refinance and fund construction on a multi-family building in San Diego.
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$2,200,000 1st DOT Purchase/Bridge Loan
A repeat borrower needed to close the purchase of a multi-family building in North Park, San Diego on a tight timeline.
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