Cienega, California – Our Client/Borrower is requested funds to make desired repairs and improvements to the Subject Property and “Other” owned real estate in the estimated amount of $150,000.00.
Borrower inherited several valuable real estate properties recently from their family, the Subject Property being one of the inherited properties.
Due to the Attorney NOT filing the “Proposition 58 Exclusion Forms” with the transfer of the Subject Property to the borrower, which provides for the property taxes NOT increasing upon the transfer from Parent to Child, and as a direct result the property taxes when “sky high”!!!!
Borrower is aware of agreeable to pay ALL outstanding property taxes and will look to the County of Los Angeles to provide her a refund once the “Proposition 58 Exclusion Matter” is resolved. Cienega, California.
Borrower has owned her residence in Pacoima for many years, and which is also “Free & Clear”.
Client has Great Credit……………………..their Middle FICO Score is 773!!!!!!!
The Subject Property’s current scheduled Monthly rental Income of $7,800.00, which is many, many times more than the $1,125.00 monthly payment for the propose $150,000.00 1st Trust Deed Loan.
Our residential hard money loans are designed to assist borrowers obtain real estate financing especially after their home loan applications have been declined by the banks due to credit or income issues. Our loans are flexible on income and credit, and based on property equity.
18034 Ventura Blvd Suite 244
Encino, California 91316