Loan Type: Property Type: LTV: Location: Loan Amount: Rate: Term Prepayment Penalty: Private Money Loan Refinance Vineyard/Winery 60% Napa, CA $600,000.00 11% 3 years 6 months |
Scenario: Borrower needed funds to install a Solar System for his winery operation, pay back taxes, and cure a default. There was not enough equity in is property so California Private Money Lenders encumbered an income property the borrower owned in Alameda, Ca. After a 2 year “good” mortgage rating the borrower will be able to secure an “Ag Credit” loan.