Success! Equity Bridge Capital Closes 55% LTV Investor Bridge Loan in San Francisco
Recently, we received a loan request from a repeat investor/borrower who had to close quickly on a $850,000 purchase of a major fixer in San Francisco. The borrower had recently fixed and sold for a substantial profit a property that Equity Bridge Capital had previously help finance and wanted to put up to 50% down for the new purchase. Despite the dilapidated condition of the new property, we were still able to offer the borrower very attractive terms: a 55% LTV purchase loan , 8.5% rate, 2 pts, and a 12 month term. (The borrower plans to be in and out of the project by early spring 2019). Equity Bridge Capital’s real estate bridge loan products are innovative - helping investors buy and renovate investment properties throughout San Francisco, Silicon Valley, the Bay Area, Sacramento, Los Angeles and Southern California. Our flexible programs include 1st, 2nd, and 3rd position loans with 12-24 month terms w/ loan sizes ranging from $200K- $20M+ for residential and commercial transactions.
For more info or quote, contact me at: 415-760-2338 or art@equitybridge.com
Art Gilberg Broker dba Equity Bridge Capital Cal DRE 01868465
