Featured Loan
Luxury Vacation Rental FinancingLoan Details
Loan Amount: $3,100,000
Loan-To-Value: 70% LTV
Term: 36 Months
Situation & Challenge
A long-time investor was in contract on a luxury rental property overlooking the Pacific Ocean but couldn’t obtain bank financing due to the home being a vacation rental.
The challenge was to find higher leverage private money financing at a lower cost structure to ensure positive cash flow from the start.
Solution & Result
First Capital Trust Deeds worked with a family office that knew the location and liked the vacation rental income history.
The borrower closed in three weeks on a 36-month loan with a note rate of less than 8.00%.
Do you have a similar financing scenario?
Inquire about your financing options with FCTD.