Rialto, California Funded Hard Money Loan

Property Type: Single Family Residence

Lien Position: 1st Trust Deed

Loan Amount: $150,000.00

Appraised Value: $250,000.00

LTV: 60%

Loan Rate: 10%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “24” Months Interest Only

Single Family Residence located in Rialto, California where our company funded a 1st $150,000.00 Private Trust Deed

A Mortgage Broker referred his client to our company to fund a New $150,000.00 1st Trust Deed loan on her Free & Clear rental property in Rialto, California .  The Borrower was in the agricultural livestock business and needed additional capital to expand her business to have the ability to do larger transactions.  The loan got funded and she was able expand hew business.