$1,960,000 Private Money Loan In Los Angeles

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$1,960,000 Private Money Loan In Los Angeles

First Capital Trust Deeds secured a $1,960,000 private money Loan In Los Angeles for the acquisition of a luxury fix and flip project.

The nearly $2,000,000 loan at 80% loan-to-value (LTV) was to acquire an older mid-century ranch style home that had seen better days.  In this part of Los Angeles, there were many older homes taken down to one wall by real estate developers and house flippers who were replacing the old homes from a different era with modern, energy-efficient luxury homes.

Private Money Loan Terms:

  • $1,960,000 Loan Amount
  • 9.99% Interest-Rate
  • 12-Month Term
  • No Prepayment Penalty
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