Lake Los Angeles, California Hard Money Funded Loan
Property Type: Single Family Residence
Lien Position: 1st Trust Deed
Loan Amount: $54,000.00
Appraised Value: $125,000.00
Loan Rate: 12%
Loan Type: Fixed Rate – Interest Only
Occupancy: Vacant – Investment Fix & Flip
Term: “1”2 Months Interest Only
Our Borrower contacted our company in February 2016 requesting additional funds to complete the rehab of a Single-Family Residence in Lake Los Angeles, California. The Subject Property was Free & Clear since they paid cash and paid all repairs costs in cash. We arranged a new 1st Trust Deed for $54,000.00 that provided them the necessary cash that allowed them to totally complete the project.
Our Borrower later sold the property for a very good profit in Lake Los Angeles, California.