Case StudyLine of Credit Approved Up to $10,000,000
Loan Amount: $10,000,000
Loan-To-Value: 80% LTV
Situation & Challenge
An active real estate investor in Oregon, with a dozen or more fix and flip projects going at one time, needed less expensive and higher leverage hard money financing, to take on more opportunities.
Solution & Result
First Capital Trust Deeds worked with a private money fund to structure a credit line up to $10,000,000 with uniform loan pricing across all future projects:
- 80% LTV (Purchase or Refinance)
- 100% LTC (Rehab Financing)
- 9.000% Interest-Only
- 12-Month Term
- 2 points Origination Fee + Appraisal, Docs, Processing, Title & Escrow
The investor refinanced five properties immediately upon approval of the line of credit, taking advantage of improved terms and increased leverage.