$405,000 Bridge Loan – Bellevue,WA

The borrower contacted Mortgage Equities Inc. for a hard money bridge loan secured by two older homes in the Woodridge neighborhood of Bellevue, WA. The loan was used to purchase one of the properties to be a demolished for a brand new home. At the time we received the loan request, the borrower had one week to close the purchase.

Though it was a holiday weekend, Mortgage Equities was able to quickly fund the loan to purchase within 7 days of the initial request.