$450,000 | 2nd TD Bridge Loan | Palms Springs, CA

$450,000 | 2nd TD Bridge Loan | Palms Springs, CA

$450,000 | 2nd TD Bridge Loan | Palms Springs, CA. Our borrower was seeking a $450,000 2nd TD bridge loan to acquire a hotel in Palm Springs with plans to upgrade a number of existing units, rearrange the floor plan to add additional rooms, and use them as short term rentals on AIRBNB, VRBO, and other sites. RTI funded their loan in one week allowing them to acquire the property and make the improvements they need to convert the hotel rooms into short term rentals!