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Reno Bridge Loan

Reno, NV

  • 580-Mesa-Blvd-Mesquite-NV-580-Mesa_P5-8-LargeHighDefinition (1)
  • 580-Mesa-Blvd-Mesquite-NV-580-Mesa_P3-4-LargeHighDefinition
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Loan Amount
$3,200,000

Purchase Price
$7,000,000

Final Sale Price
$TBD

Project Details
Lantzman Lending funded this bridge loan in Reno, NV for $3.2M to help our client purchase this multi-unit apartment building

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May 5, 2021 by Erin OConnor Leave a Comment

We help our borrower purchase 126 units in Nevada utilizing one our Bridge Loan products.   Our loan amount was $3.2M, and it helped the buyer close on this distressed sale quickly.  Lantzman Lending is an asset based lender and we typically do not require appraisals which allows us to close quickly and allow our borrowers to make cash offers.  You can make quick decisions and aggressive offers to help you win the next deal.

Lantzman Lending lends throughout California.

  • Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
  • 1.5 – 3.0 points on most 6-18 month loans
  • From 8.49% interest depending on LTV
  • Rehab portion of loan held in Fund Control and released on draws (same day release)
  • Interest is paid only on drawn amount of loan
  • No prepayment penalty, extensions available

Get a rate quote in a few minutes from Lantzman Lending

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858-720-0229

11696 Sorrento Valley Rd, Suite 201
San Diego, CA 92121
CA-DBO CFL #603-e104 | CA-BRE #01522724

6671 S. Las Vegas Blvd., Suite 210, #228
Las Vegas, NV 89119
MLD 4649 and 4615 | NMLS 1578116

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