Loan Type:
Property Type:
LTV:
Location:
Loan Amount:
Rate:
Term:
Prepayment Penalty:
Private Money Loan Refinance
Vineyard
62%
Kelseyville, CA
$1,700,000.00
10%
2 years
1 year
Scenario:Borrower had property “For Sale” due to an unexpected family situation. They needed funds to pay off the maturing existing mortgage, working capital until the new crop went was sold, and the property sale was finalized. California Private Money Lenders was able to fund this loan because there was sufficient equity in the property and the property’s Marketing Time was under 1 year according to the Sales Agent.