Featured Loan

Private Money HELOC in California

Loan Details

Loan Amount:  $1,600,000

Loan-To-Value:  55% Combined LTV

Term:  24-Month

Situation & Challenge

A La Jolla business owner used a 24-month private money loan in second position on their oceanfront home.

The challenge is getting a $1,600,000 business line of credit from a bank. The path of least resistance is using a private money HELOC to access capital quickly and without jumping through all the hoops that a bank would require.

Solution & Result

First Capital Trust Deeds secured a commitment from a Northern California investment fund for a 24-month HELOC on the business owner’s primary residence.

After the appraisal came in at expected value, the lender closed on the line, issuing $800,000 cash-out to the borrower. In all, the loan took under three weeks to close.

Do you have a similar financing scenario?
Inquire about your financing options with FCTD.