Hard Money Second Mortgage in Northern California

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Hard Money Second Mortgage in Northern California

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
Loan-To-Value:
52%
Term:
24 Months

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