First Capital Trust Deeds secured a 24-month private money second trust deed on this Southern California vacation rental for the owner who paid off existing loan and used the remaining cash-out proceeds for renovations on another investment property.
FCTD placed the loan with a long-time trust deed investor that has funded numerous second trust deeds for the FCTD clients over the past decade.
Private Money Second Mortgage Terms
Loan Amount: $1,100,000
Term: 24 Months