Case Study

$2,130,000 Private Money Loan - Automotive

Loan Details

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. 

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