Short-term Loan From San Francisco Property to Oakland Property
Our client was looking to up-size and relocate from San Francisco to Oakland. We cross collateralized two properties to be able to provide adequate funding. The property in San Francisco was a two bedroom condominium, and the Oakland property was a single family residential.
Loan Amount: $1,200,000
Loan Position: First deed of trust on Oakland property, Second deed of trust on San Francisco property.