First Capital Trust Deeds arranged a 70% loan-to-value (LTV) Foreign National Private Money Loan for an investor buying a discounted home in Woodland Hills, California. The investor, who lives in the Middle East, was able to obtain an equity-based $409,500 loan for the $585,000 purchase.
The long-term plan for the client was to renovate the home over the course of the next twelve months and then place it back on the market. Their plan makes a lot of sense and probably will work out really well for the client who will most likely realize a sizable gain.
Foreign National Private Money Loan Terms:
- $409,500 Loan Amount (70% LTV)
- 10.50% – Fully Amortized
- 40-year Amortization Due 3 years
- 1-Year Prepayment Penalty