First Capital Trust Deeds funded both a first and second trust deed for a long-time investor client buying a distressed property in Moreno Valley. The combined loans had a blended interest rate of 10.055%, with 9.50% on the first and 14.00% on the second mortgage.
Private Money Second Mortgage Loan Details
Loan Amount: $270,000 + $35,000
Loan-To-Value: 80% CLTV
Term: 12 Months