Hard Money Second Mortgage In Northern California

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Hard Money Second Mortgage In Northern California

First Capital Trust Deeds secured a stand alone hard money second mortgage in Northern California for an investor who needed additional funds for the rehab project.

For the individual trust deed investor who made the $32,000 loan, this fix and flip property had $200-300K of protective equity when the project was completed. Additionally, the borrower had experience flipping houses and this project was a cosmetic flip. A flip that would likely only be held for 3-4 months, so it made a lot of sense to do the small stand alone second mortgage.

Hard Money Second Mortgage Terms:

  • $32,500 Loan Amount
  • 12-Month Term
  • No Prepayment Penalty
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.