$280,000 Bridge Loan for Business Purposes

A borrower contacted Mortgage Equities for a Bridge Loan on behalf of a Trust seeking capital for the purpose of funding its business ventures.

The Trust pledged a property located in the Browns Point neighborhood of Tacoma on the water. The main house is located on high bank waterfront while the guesthouse is on the beach. There is significant value in this view lot as the main house, built in 1938, would be replaced by a new construction home.