Featured Loan

Owner Occupied Business Purpose Hard Money Second Mortgage

Loan Details

Loan Amount:  $350,000

Loan-To-Value:  58% Combined Loan-to-Value (CLTV)

Term:  24-Month


The homeowners started a catering business that began to take off and needed capital to expand their commercial kitchen. Since the business was less than two years old, they could not obtain a second mortgage from a bank or traditional lending source.


In order to prove that cash out proceeds would go for business purposes rather than consumer purposes (personal credit cards, debt consolidation, etc.), the lender required equipment purchase orders be provided by the borrowers. This protects the lender in the case of a default.

Solution & Result

First Capital Trust Deeds worked with a private money fund with a considerable portfolio of owner-occupied business purpose second mortgages. Within a year, the borrowers sold the home and paid off the hard money second mortgage.

Do you have a similar financing scenario?
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