Bridge Loan for 6-Unit STR Multifamily Purchase in Myrtle Beach, South Carolina

Capital Funding Financial, a direct family-office private lender, funded a $2,550,000 bridge loan for the acquisition of an oceanfront 6-unit multifamily property in Myrtle Beach, SC. The purchase price was $3,900,000. We funded 65% of the purchase price, while the Borrower contributed 35% equity to the deal. They required a two-week close, which we were able to execute. All 6 units are rented as short-term vacation rentals. With its prime location and beach access, the property has a strong rental history with additional upside on the proforma since the property recently had $400,000 invested in amenities and improvements. Myrtle Beach is one of the fastest-growing vacation destinations on the East Coast, drawing over 20 million visitors annually. Its robust tourism demand makes well-located oceanfront assets like this especially attractive for short-term rental performance and long-term appreciation. This multifamily bridge loan was funded in November 2025.