El Monte, California Our Borrower had a “Friend” who helped purchase the Subject Property for him several years earlier due to him not being able to qualify for financing. Everything was going well until the “Friend” was looking to purchase another property that she was intending make her residence. The loan the “Friend” arranged for our Borrower was causing her qualifying problems due to High debt ratios relative to her monthly income. She needed the loan where she qualifying for our Borrower to be paid off immediately, otherwise she would not be able to purchase the desired property.
The property was rented out for over $2,000.00 per month, which provided more than enough funds to cover our Investor’s monthly payment and all other additional costs and expenses of the property. Additionally the Subject Property was very well cared for and was in a very strong rental section of El Monte, which all Trust Deed Investors really like seeing. El Monte, California
Since the Subject Property our Borrower was looking to refinance was worth so much more than the loan our Borrower was requesting us to arrange for him, we were able to get an Investor to fund his loan at 9.00% with a “36” month term. El Monte, California