$1,500,000 | First Trust Deed Bridge Loan | Los Angeles, CA

$1,500,000 | First Trust Deed Bridge Loan | Los Angeles, CA

$1,500,000 First Trust Deed Bridge Loan CLOSED in Los Angeles CA! The borrower was seeking to acquire a retail property in Los Angeles, but they were unable to qualify for conventional financing. Our borrower saved funds in cash from their family business and was unable to gather all the documentation required for a bank loan. RTI funded a $1,500,000 1st TD loan allowing the borrower to acquire the property at a low cash price, make cosmetic improvements, raise rents to market then seek SBA financing.