Location: San Francisco, CA

Loan To Value: 100%
Loan Type: Bridge purchase collateralized
Total Loan Amount: $1,150,000

The buyer was able to use the collateral of one of his rental properties to purchase the property without coming in with significant cash to close.  Some of his original deposit was returned by escrow.  Most of our delays were with title and escrow as they were understanding how to deal with changes from COVID during this time.