First Capital Trust Deeds secured a $2,000,000 acquisition loan for a recently completed high-end home located in the Tarzana submarket of Los Angeles. The Property is a 5-bedroom 7 bath home with a pool, basketball court, and wine cellar.
The borrower was a self-employed entrepreneur who was not able to meet the closing deadline on the investment property due to lengthy conventional mortgage underwriting timelines.
First Capital was able to secure quick financing with one of their direct high net worth family offices for a 10-business day closing.
First Capital has multiple direct relationships with family offices able to fund similar acquisition loans for clients not able to meet deadlines. Contact us to learn more.