Case StudyColorado VRBO Rental Home Financing
Loan Amount: $300,000
Loan-To-Value: 60% LTV
Term: 60 Months
Situation & Challenge
The owners of this VRBO vacation rental condo in Colorado needed cash-out for investment in another real estate project closer to home.
This loan was a straight forward stated rental income verified asset private money loan that just needed an appraisal completed before loan docs could be issued.
Solution & Result
First Capital Trust Deeds worked with a fund doing 5-year loans on rental properties to lock in a longer term for the borrowers while providing the cash-out funds requested.
The loan closed within 18 days of initial contact, allowing the borrowers to close escrow on their new project in Seattle.