Case Study

Hard Money HELOC In California

Loan Details

Loan Amount:  $500,000

Loan-To-Value:  50% Combined Loan-to-Value

Term:  24 Months

Situation & Challenge

An investor with a rental property in San Francisco wanted to take out a Home Equity Line of Credit, or HELOC, to have available when real estate investment opportunities arose.

There weren’t many challenges to this loan. All we needed to do was start the application and order the appraisal.

Solution & Result

Why go with a hard money HELOC rather than going to the bank? The borrower had been self-employed for less than two years, so that would have been an obstacle. Going with a hard money HELOC provided credit for accomplishing their real estate goals in the coming two years.

FCTD successfully closed the HELOC for the borrower within two weeks.

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