California Inland Empire Private Money Rental Property Loan

,
California Inland Empire Private Money Rental Property Loan

First Capital Trust Deeds of secured a California Inland Empire private money rental property loan that covered three homes under one loan.  The owner had acquired these formerly distressed properties at a significant discount over the past few years and wanted to secure long-term financing at a lower interest rate.

We were able to lock in a 5-Year fixed rate private money loan at 8.00% interest-only.  The underwriting requirements were pretty limited, based mostly on appraised value and cash flow of the properties.

Private Money Blanket Loan Terms:

  • $300,000 Loan Amount – 62.50% Loan-To-Value (LTV)
  • 8.00% Interest-Only
  • $2,000/Month Payment
  • 60-Month Term
  • Sliding Scale Prepayment Penalty During First 3 Years
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.