Tarzana, California Hard Money Funded Loan

Property Type: Single Family Residence

Lien Position: 2ndTrust Deed

Loan Amount: $100,000.00

Appraised Value: $1,400,000.00

LTV: 29%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Single Family Residence Located in Tarzana, California where our company funded a $100,000.00 2nd Trust Deed Hard Money Loan

Tarzana, California – Our Borrower contacted us in July 2017 looking to obtain approximately $100,000.00 to pay outstanding invoices to sub-contractors resulting from the construction of the Subject Property that was taking longer than anticipated to sell.  The Borrower had purchase the property, torn down the current house and built a beautiful modern house worth nearly $1,500,000.00.  He only owed $310,000.00 on his 1st Trust Deed.

We funded a New $100,000.00 2nd Trust Deed in only a week that provided him the funds to get everyone paid in Tarzana, California.