Loan Type:
Property Type:
LTV:
Location:
Loan Amount:
Position:
Rate:
Term:
Prepayment Penalty:
Private Money Loan Purchase
35 Acre Corporate Retreat
63%
Occidental, CA
$600,000.00
1st Deed of Trust
8.75%
3 years
12 months
Scenario: Purchase Money Loan to acquire a corporate retreat/vacation rental. Property was built without permits making it unsuitable for conventional lenders. Due to the quality of the property and the borrower CPML was able to fund this loan without issue.