First Capital Trust Deeds secured a $105,000 private money second trust deed for the owner of a rental condo on Ocean Boulevard in Long Beach. Over the past six months, FCTD has worked with a real estate office with a lending division to do second trust deeds behind either bank loans or behind private money first mortgages, which is not very common.
Private Money Second Mortgage Details
Loan Amount: $105,000
Loan-To-Value: 65% CLTV
Term: 24 Months