Featured Loan$2,130,000 Private Money Loan - Automotive
Loan Amount: $2,130,000
Loan-To-Value: 60% LTV
Term: 36 Months
Situation & Challenge
The landlord of this automotive oil change property needed to pull cash out to put toward another real estate investment, opting for faster closing through private money financing.
Environmental reports are always a lender’s concern when it comes to automotive use properties like oil change centers, autobody shops, and gas stations.
Solution & Result
First Capital Trust Deeds worked with a Southern California private money fund on the appraisal, environmental reports, along with financials to get the cash-out to refinance completed for $2,130,000.