Featured Loan

Colorado VRBO Rental Home Financing

Loan Details

Loan Amount:  $300,000

Loan-To-Value:  60% LTV

Rate:  7.50%

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.

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.