Case Study$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.