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

Mountain Cabin

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.