Case Study

5-Day Closing: Mixed-Use Hard Money Loan In Central Oregon

Loan Details

Loan Amount:  $800,000

Loan-To-Value:  58% LTV

Term:  6-Month

Situation & Challenge

Bank financing fell through five days before the scheduled close of escrow due to recent vacancies in the units. The buyer wanted to close on-time in order to start filling the residential units during the upcoming vacation season, which was only a few weeks away.

Solution & Result

First Capital Trust Deeds secured financing from an individual trust deed investor who had funded dozens of loans for our clients over the past two year. Loan docs were drafted within a day and the buyer was able to close on schedule.

Do you have a similar financing scenario?
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