$581,333 | Bridge Loan | Hayward, CA

$581,333 | Bridge Loan | Hayward, CA

A borrower came to RTI Bridge Loans for urgent funding to purchase an assisted living property priced below market value at $968,888. They provided a substantial 40% down payment and offered their primary residence as collateral to demonstrate their commitment. Although permanent financing was pre-vetted, it wouldn’t be ready in time to close the deal. The seller, who had a higher cash offer, refused to grant any extensions, putting the deal at risk.

RTI Bridge Loans offered the borrower a fast, hassle-free bridge loan, enabling them to close on time and secure the property. This allowed the borrower to focus on securing long-term financing without worrying about missing the opportunity.