First Capital Trust Deeds secured a luxury private money financing loan at 75% LTV acquisition + 75% LTV rehab for a project in Venice, California two blocks away from the beach.
- Real Estate Resume – Successfully Completed Projects
- Cost Breakdown and Estimated Schedule of Completion
- Lender Site Inspection – Walk Through with Borrower
- Quick 15-day Closing
In this case, the borrowers needed financing for at least 18 months in order to complete the full renovation of the property, which would go from a Mediterranean style to a two story modern home with full outdoor rooftop living.
Luxury Private Money Financing Terms:
- $1,350,000 Rehab Loan – 75% of Rehab Budget
- 11.00% Interest-Only
- 18-Month Term