Mid City Los Angeles, California Funded Hard Money Loan

Property Type: Tri-Plex

Lien Position: 1st Trust Deed

Loan Amount: $300,000.00

Appraised Value: $500,000.00

LTV: 50%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Tri-Plex in Mid City Los Angeles, California where our company arranged a 300,000.00 1st Trust Deed Hard Money Loan

Our Borrower contacted our company in November 2015 looking to obtain approximately $300,000.00 cash out to expand his business, which was a medical related business to enter into a business arrangement with the NFL to assist in the nearly Billion-dollar NFL concussion settlement case agreement.

The property he was looking to borrow against was part of his deceased Uncle’s Estate, where he was the Administrator.  We were able to arrange all the required Probate Court documentation to obtain court approval allowing him to sign as Executor on behalf of the Estate.  The loan was closed on time and he was able to move forward with his business investment in Mid City Los Angeles, California.