First Capital Trust Deeds secured a hard money second mortgage for a Northern California real estate investor on one of the rental properties in their portfolio. The trust deed investors who funded the loan have been long-time lenders for FCTD and liked the borrower strength, the property, and the exit strategy to refinance both loans into a new first mortgage in the coming 6-8 months after some renovations were completed on the subject property.
Private Money Second Mortgage Terms
Loan Amount: $550,000
Term: 24 Months