A Los Angeles-based real estate investor acquired two newly completed homes in Azusa using 36-month private money rental property financing through First Capital Trust Deeds.
The buyer purchased directly from the builder closing just a few days apart. Financing was provided by a southern California based private mortgage fund with an excellent reputation for closing loans on short notice.
Rental Property Financing Terms:
- $396,400 + $399,600 Loan Amounts
- 60% Loan-to-Value
- 10.00% Interest Only
- 36-month Balloon Loan
- No Prepayment Penalty