The Challenge

Adriana owns and runs a large and successful pre-school in San Francisco. She owned two properties in the city, both with small mortgages, a 3-unit rental occupied by family members, and a home in the Excelsior neighborhood where she lived with her daughters. She had found a great house on Keystone Way but had no idea how she could buy it. Her bank told her she would have to sell one of her properties to get a loan, but she had no time.

The Solution

RMC cross-collateralized both her rental and her Excelsior house and gave her the bridge loan to buy her dream home. She was able to quickly sell the 3-unit and rent out the Excelsior house, which she wanted to keep for income. As soon as the 3-unit sold, Adriana refinanced the bridge loan balance with a low interest-rate conventional loan.