Single Family Residence
Bridge refinance used to retire a maturing flip loan, clear a permit issue, and keep the sale moving.
About the Loan
The borrower needed a reliable lending partner to pay off a maturing fix-and-flip loan after their institutional lender declined to extend it. Although the renovation was complete, the property sale was delayed due to an open permit related to a minor issue. Myers Capital partnered with its affiliate, Koa Mortgage Fund, to fund a bridge loan secured by the recently renovated single-family home in the Manoa neighborhood.
- 57.14% LTV
- 13.75% Interest Rate
- 9-Month Term
- Equity Cash-Out
Outcomes
The transaction closed smoothly and on schedule, empowering the investor to execute their strategy. This successful project established a reliable capital partnership for future deals.
$1,200,000
Loan Amount
57.14%
LTV
14
Days to Close / Term
More Case Studies
Single Family Residence & Land
Equity cash-out bridge with a construction holdback used to finish a ground-up home build and bring it to market.
Mixed-Use
Fast, flexible financing to exercise a lease-to-own purchase option on a mixed-use property.
Condominium
Bridge acquisition for a legal short-term rental unit with a planned exit into a DSCR refinance.
Ready to Fund Your Next Investment?
Apply online in minutes and get a term sheet within 24 hours.