Northridge, California Private Equity Funded Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $35,000.00

Appraised Value: $700,000.00

LTV: 5%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “12” Months Interest Only

Single Family Residence White House located in Northridge, California where our company funded a $35,000.00 1st Trust Deed Hard Money Loan

In October 2017 a Probate Attorney contacted our company about a Probate Client that needed funds prior to the completion of the Probate court case.  The Probate Estate Executor’s intentions was to pay outstanding legal fees and later make repairs to the property preparing it for sale.  There was a hostel and non-cooperative family member who living in the Subject Property and would not let anyone in the house, including mortgage lenders looking to inspect the property.

Due to the very low LTV (Loan to Value) for the proposed loan, we were able to fund the loan without inspecting the interior of the property.