DEAL HIGHLIGHTS
Loan Amount: $3,300,000
Combined LTV: 67%
Loan Type: Purchase Loan
Property Type: Multifamily Property
Location: Beaumont, CA
ABOUT THIS DEAL
SDC Capital recently funded a $3,300,000 purchase loan secured by a multifamily property in Beaumont, California. The borrower lacked the cash to close but had substantial equity in a portfolio of other real estate assets.
SDC provided 100% of the purchase price—requiring no cash to close—by structuring the loan through cross-collateralization. The loan was secured not only by the new acquisition but also by several other properties already owned by the borrower.
This creative and highly customized structure enabled an experienced investor to complete a strategic acquisition with speed and flexibility.