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
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
