Capital Bridge Closes Loan with Developer in Redwood City
Updated: Jan 19
As seen in our latest Deal of the Month, CapBridge recently provided funding for the acquisition of a luxury home in Redwood City. The borrower is a long-standing real estate developer specializing in fix-and-flip projects, and plans to renovate and sell the property.
Capital Bridge has significant experience taking a personalized approach to more complex, cross-collateralized loans. We provided 85% of the purchase price by taking two additional properties as cross collateral. This strategy allowed us to quickly approve and fund the loan within 10 days. Our Team recognized the experience of the borrower, conducted in-house appraisals, and provided $3,100,000 within days of being introduced to the transaction.
Whether you’re in need of a bridge loan, fix or flip loan or construction loan, we are ready to help get you the loan you need that works best for you. Don’t hesitate to contact us today at 415-820-4770 or click here to send us a message. Want to Learn More About Us? Check us out here on our About Us page, or take a look at our FAQ page.