Palmdale, California Funded Hard Money Loan
Property Type: Single Family Residence
Lien Position: 1st Trust Deed
Loan Amount: $90,000.00
Appraised Value: $175,000.00
LTV: 51%
Loan Rate: 10%
Loan Type: Investment Purpose
Occupancy: Non-Owner Occupancy
Term: “36” Months Interest Only
In May of 2015 our Borrower was referred to our company when she was looking to buy into an operating business and wanted to borrower against the property that she had inherited from her Father. The property was currently rented where the monthly rent would cover the monthly mortgage payments, which allowed us to arrange the requested loan to her so she move forward with her business venture. Palmdale, California
