SDC Capital has funded a $495,000 loan (8.99% + 1 point) for the purchase and renovation of a single family residence in Riverside, CA. Unlike most lenders, we allow for cross-collateralization and provided our borrower with 100% purchase financing, plus an additional $35,000 to cover closing costs and provide cash-out proceeds to help fund the property's renovation. Additional collateral for the loan was comprised of junior liens on other investment property.
