Mission Hills, California Funded Hard Money Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $200,000.00

Appraised Value: $425,000.00

LTV: 47%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Single Story House located in Mission Hills, California where our company arranged a 1st of $175,000.00 Trust Deed

Our Borrowers in Mission Hills, California were introduced to our company by their Mortgage Broker when they were in need of FAST CASH, but didn’t have the time to try to get a loan from their bank.  They had an opportunity to purchase a great real estate deal, but only had 10 days, and had to pay all cash.  The Borrowers wanted to borrow the funds on their Free & Clear Mission Hills, California rental property.  The Borrowers had bank quality credit and income and owned a number of investment rental properties.  Since the Subject Property had so much equity it was very easy for us to arrange the requested loan, and they were able to get their Great Deal in Mission Hills, California.