Loan Type: Property Type: LTV: Location: Loan Amount: Rate: Term Prepayment Penalty:
Private Money Loan Refinance Estate Home on 40 Acres 65% Santa Rosa, CA $550,000.00 10% 3 years None |
Scenario: Borrower was in default with his conventional lender and was negotiating and “short” payoff. Borrower was also behind in his income taxes. The borrower had excellent income and could easily make his monthly payments. California Private Money Lenders was able to lend the funds necessary to pay off the bank and save his home from foreclosure.