$300,000 Owner Occupied Private Money Third Mortgage

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$300,000 Owner Occupied Private Money Third Mortgage

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
Do you have a similar financing scenario?
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