Granada Hills, California Private Equity Funded Loan

Granada Hills, California

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $200,000.00

Appraised Value: $650,000.00

LTV: 33%

Loan Rate: 9%

Loan Type: Business Purpose

Occupancy: Owner Occupancy

Term: “36” Months Interest Only

Single Story House with a brick fireplace located in Beaumont, California where our company arranged a 1st Trust Deed

In September of 2016 our Borrowers contacted our company looking to obtain a $200,000.00 New 1st Trust Deed on their Free & Clear Owner- Occupied property Granada Hills, California .  The Borrowers were in the “Restaurant” business and were looking for additional capital to open a 2nd restaurant location in the Granada Hills, California.  The Borrowers had substantial equity in their property, and since they had restaurant experience we were able to arrange a Business Purpose loan in about a week, that provided them the needed capital to secure the proposed location, and further open the intended 2nd restaurant location.