The loan was pretty straight forward as a 16% Loan-to-Value (LTV) loan at $100,000. Our borrower client really only wanted to borrow $75,000 but we didn’t have any trust deed investors willing to lend less than $100K. So we settled on $100K, which worked for the borrower as it allowed them to keep more cash on hand to remodel the property before moving a tenant into the home.
5-Year Private Money Loan Terms:
- $100,000 Loan Amount
- 25% Interest-Only
- 60-Month Term
- 12-Month Guaranteed Interest