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

LTV: 44%

Loan Rate: 12%

Loan Type:  Fixed Rate – Interest Only

Occupancy: Vacant – Investment Fix & Flip

Term: “1”2 Months Interest Only

Single story

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.