Featured Loan$900,000 Business Purpose Second Trust Deed
Loan Amount: $900,000
Loan-To-Value: 65% LTV
Situation & Challenge
The challenge was to find a private money lender will going to go up to 65% Combined Loan-To-Value (CLTV) in March 2020. That’s a difficult request to make of any private lender and probably wouldn’t have happened a month later.
Solution & Result
FCTD worked with a second trust deed investor to fund a $900,000 cash-out business purpose second trust deed behind a $2,500,000 first mortgage for an entrepreneur who needed an injection of cash to expand their business.