First Capital Trust Deeds arranged an 11 Property California private money rental property blanket loan for a real estate investor seeking to re-position debt across their portfolio of homes.
The long-term investor had been steadily accumulating cash-flowing properties and wanted to stabilize the debt with lower interest rates and maturity dates. The nice thing about this 11 property loan was that it had an interest only rate of 8.00% with a five year term, which stabilized the investors liabilities.
California Private Money Rental Property Blanket Loan Terms:
- $905,000 Loan Amount
- 8.00% Interest-Only
- 5-Year Term