Tarzana, California Hard Money Funded Loan
Property Type: Single Family Residence
Lien Position: 2ndTrust Deed
Loan Amount: $100,000.00
Appraised Value: $1,400,000.00
Loan Rate: 10%
Loan Type: Investment Purpose
Occupancy: Non-Owner Occupancy
Term: “36” Months Interest Only
Tarzana, California – Our Borrower contacted us in July 2017 looking to obtain approximately $100,000.00 to pay outstanding invoices to sub-contractors resulting from the construction of the Subject Property that was taking longer than anticipated to sell. The Borrower had purchase the property, torn down the current house and built a beautiful modern house worth nearly $1,500,000.00. He only owed $310,000.00 on his 1st Trust Deed.
We funded a New $100,000.00 2nd Trust Deed in only a week that provided him the funds to get everyone paid in Tarzana, California.