Loan Type: Property Type: LTV: Location: Loan Amount: Rate: Term Prepayment Penalty:
Private Money Loan Refinance Industrial Property 44% Healdsburg, CA $175,000.00 10.5% 3 years None |
Scenario: Borrower needed funds to pay back taxes and make improvements to the property. Income prevented borrower from securing a conventional. California Private Money Lenders was able to do the loan because the rental income from the property was sufficient to cover the debt service, property taxes, and insurance.