Featured LoanPrivate Money Farm Loan in Oregon
Loan Amount: $350,000
Loan-To-Value: 50% LTV
Term: 15 Years
Situation & Challenge
An investor acquired a farm using a 6-month hard money loan that was maturing and wanted to secure long-term financing rather than rolling over shorter-term private money loans.
The property needed a lot of work to bring up to speed, which required a capital partner to come in to fund improvements.
Solution & Result
First Capital Trust Deeds worked with a Northern California investment fund on a 15-year fully-amortizing loan, which allowed the owner to lock in fixed costs on the property.
Closing on the loan allowed the owner to get started on making upgrades to the property, which had a lot of deferred maintenance that needed to be addressed.