First Capital Trust Deeds secured the 24-month private money financing for the buyer of this single family residence in Perris, California.
The 30% loan-to-value (LTV) and $150,000 loan on this investment property was fairly basic for the borrower and the trust deed investor. Our borrower client came in with a very large down payment and only needed the loan for 6-12 months before refinancing into a conventional (Fannie Mae/Freddie Mac) loan. The trust deed investor issued the loan with funds from their personal pension fund, which is something this particular investor does on a regular basis.
24-Month Private Money Financing Terms:
- $150,000 Loan Amount
- 8.00% Interest-Only
- 24-Month Term
- No Prepayment Penalty