$590,000 Acquisition in Walnut Creek CA

$590,000 Acquisition in Walnut Creek CA. Borrower needed a short-term loan to purchase an apartment in Walnut Creek (pictured above) while they wait to sell their Berkeley unit (pictured below). The loan to be paid off in full upon the sale of the Berkeley unit.

Loan Amount: $590,000

Loan Term: 9 months

CLTV: 45%

Loan Position: 1st Deed of Trust on both properties