Business Purpose Private Money Second Mortgage

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Business Purpose Private Money Second Mortgage

First Capital Trust Deeds provided an entrepreneur with a $500,000 business purpose private money second mortgage at 65% Combined Loan To Value (CLTV) on their home in Thousand Oaks. The loan was funded through a long-time trust deed investor FCTD has worked with who has been comfortable funding second trust deeds behind bank loans on the first mortgage.   The trust deed investor worked with his attorney to draft all loan documents to ensure full compliance and safeguard his investment in the private money loan.

Private Money Second Mortgage Loan Terms

Loan Amount: $500,000
Loan-To-Value:
65%
Term:
12 Months

Do you have a similar financing scenario?
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