COVID-19 – $105,000 2nd Trust Deed in Long Beach

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COVID-19 – $105,000 2nd Trust Deed in Long Beach

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

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