Woodland Hills, California Hard Money Funded Loan

Property Type: Condominium

Lien Position: 1st Trust Deed

Loan Amount: $200,000.00

Appraised Value: $310,000.00

LTV: 664%

Loan Rate: 9%

Loan Type: Investment Purpose

Occupancy: Non-Owner Occupancy

Term: “36” Months Interest Only

Condominium located in Woodland Hills, California where our company arranged a $200,000.00 1st Trust Deed Hard Money Loan

In April 2017 our Borrower contacted us about a Free & Clear Condominium in a very nice and large condo community in Woodland Hills, California that he wanted to use to borrow needed funds.  He needed funds for the purchase of a multi-unit property in Hollywood that he was in escrow to purchase and that our company was financing.  Our Borrower was a Russian Citizen but did have the right to reside in the United States, but he “Didn’t fit in the Box” for most required government regulations and mortgage lending standards. We were able arrange a loan at an interest rate that our Borrower was very happy to obtain.  He got the needed funds and was able to purchase the Multi Unit property.