$1,200,000 Bridge Loan in Pleasant Hill, California
- Bridge Loans allow Borrowers to purchase their new property before selling their existing property.
- By using a Bridge Loan, Borrowers will use their existing property as additional collateral to make an extremely competitive offer, and possibly even purchase the new property with no down payment.
- This loan gave our Borrower the ability to make a more aggressive offer on their purchase and to buy before they sell, while giving them more flexibility on their timeframe to relocate.
- Loan Term: 9 Months
- Loan Position: 1st Position Deed of Trust on subject property in Pleasant Hill (pictured above) and 2nd Position Deed of Trust on existing property in Lafayette, CA
- CLTV: 58%