First Capital Trust Deeds closed on a $300,000 owner-occupied private money third mortgage for a Los Angeles homeowner.
Ideally, trust deed investors, or private money lenders, like to be in the second position when originating a junior lien. However, in this case, where the first and second mortgages had ultra-low interest rates, it provided the most benefit to the borrower to keep those two loans in place while providing $300,000 in the third position.
- $300,000 Loan Amount (58% Combine Loan-To-Value (CLTV))
- 20-Year Term
- No Prepayment Penalty