Fontana, California Hard Money Funded Loan

Property Type: Industrial

Lien Position: 1st Trust Deed

Loan Amount: $130,000.00

Appraised Value: $1,300,000.00

LTV: 10%

Loan Rate: 9.99%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “60” Months Interest Only

commercial property

Our Borrower contacted us in January 2016 about a loan that he needed to refinance in South Gate, but due to the then current property value, needed to pay the loan down and wanted to borrow the needed funds from his Industrial rental property.

We were able to arrange a New $130,000.00 1st Trust Deed that provided him the funds needed to complete his refinance on his other property