Sugarloaf, California Private Equity Funded Loan
Property Type: Mountain Cabin
Lien Position: 1st Trust Deed
Loan Amount: $72,500.00
Appraised Value: $170,000.00
LTV: 43%
Loan Rate: 12%
Loan Type: Investment Purpose
Occupancy: Non-Owner Occupancy
Term: “12” Months Interest Only

Our Borrower was referred to our company by a business associate where she needed to obtain additional funds to put into a property she was purchasing in Sherman Oaks, California, which we were also financing. The Subject Property was a weekend cabin, was unused and vacant and needed a lot of work. We were able to arrange a new 1st Trust Deed for $72,500.00 at 12% that provided her the needed funds for the condo she was purchasing. Sugarloaf, California