SDC Capital has funded a $500,000 2nd-lien business purpose loan secured by a single family residence in Los Altos, CA. After speaking with several lenders, our borrower selected SDC Capital based on our overall pricing structure and quick funding timeline.
SDC Capital Funds a Purchase & Rehab Loan in Sacramento County
SDC Capital has funded a $191,250 loan for the purchase and renovation of a single family residence in Citrus Heights in Sacramento County, CA. This loan was sourced from another lender relationship who was tight on funding and needed a reliable capital source to step in and quickly fund his deal.
7.99% 8-unit Multifamily Purchase Loan in Long Beach
SDC Capital has funded a $910,000 loan (7.99% + 1 point) for the purchase of an 8-unit multifamily property in Long Beach, CA. Our borrower intends to complete minor unit renovations and refinance our loan within a year with conventional financing.
100%+ Purchase Financing Using Cross-Collateral for Riverside Fix & Flip
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.
Introducing Our Owner-Occupied Consumer Bridge Loan Program
Need to close on your dream home quickly?
We can help!
In today’s real estate market, you have to move quickly or the deal will pass you by. Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. With our new owner-occupied loan program you can purchase your new home before selling your existing home without having to meet stringent debt to income ratios of a conventional lender.
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Loan Amount |
From $100,000 up to $5,000,000 (higher with exception) |
|
Loan to Value |
75% of Value |
|
Property Type |
1-4 Unit Residential |
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Occupancy |
Owner Occupied |
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Term |
11 months |
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Interest Rate |
Starting at 8.99% |
|
Payments |
40-year Amortization |
|
Points |
Starting at 1.5 points |
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Prepay |
No Prepayment Penalty |
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FICO |
No Minimum FICO Score |
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Lien Position |
1st and 2nd Position |
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Location |
California Only |
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Closing Time |
7 to 14 days (Subject to Regulatory "Cooling Off" Periods) |
Repeat Borrower Achieves High Leverage, Attractive Terms by Tapping Home Equity
We strive to create mutually beneficial relationships with our borrowers and this deal was a perfect example of the benefits of such relationships. Last month, one of our repeat borrowers came to us to finance the purchase of a single family residence in Brea, CA which required a fast closing and nearly 100% leverage. On the surface, that looks like an easy pass, but in knowing this borrower well it was actually quite the opposite. In a previous deal, we had cross-collateralized his primary residence to achieve our desired LTV. The borrower hoped he could again tap the equity in his home as his liquidity was tied up in other deals. With an accepted offer on a property he couldn’t pass up, we were the first call he made and the only one he needed. SDC Capital Funding was able to provide a $570,000 loan (90% LTV) with a 12-month term and an 8.99% interest rate.
Lightning Execution to 78% Leverage
A borrower brought us a plan to revitalize an iconic mid-century modern home in Brentwood. The plan involved luxury home building, hillside construction and slope stabilization – not our favorite combination of factors. Based on the condition of the property and challenges of the site, the borrower was able to obtain a substantial price reduction conditioned upon a closing within 4 business days. He presented us with a compelling case to do a deal we might otherwise pass on. But there’s a first for everything and this particular property and repeat borrower won us over. We were able to provide a loan of $1.77 Million (78% of cost) for a 6-month term. And we closed only a few days after the buyer and seller agreed on the final price.