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Monterey, CA – Consumer Bridge Loan

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  • Loan Amount: $729,000
  • Term: 1-year

This consumer bridge loan funded the purchase of the client’s “replacement residence” without first having to sell their “departing residence.” The borrower was able to fix up and move into their new home, and begin a remodel on the home they are selling. They are now raising the value to their departing residence, which may make the transaction pay for itself!