Artesia, California Funded Stated Income Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $60,000.00

Appraised Value: $460,000.00

LTV: 13%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Single Family Residence located in Artesia, California where our company funded a $60,000.00 1st Trust Deed Hard Money Loan

Our Borrower contacted our company in July 2017 requesting funds to make required improvements to one of her investment rental properties  in Artesia, California. She had no loans on any of her properties but didn’t have the necessary funds available to make the substantial repairs that had to be done immediately.  She had never taken out a real estate, so we had to go the extra mile to explain all the specifics about the effects that a mortgage has on her property. After going over all the details with her, she made the decision to move forward to obtain the loan and all the repair were made and she was able to re-rent her property in Artesia, California.