Loan Type:
Property Type:
LTV:
Location:
Loan Amount:
Rate:
Term:
Prepayment Penalty:
Private Money Loan Refinance
Vineyard Property
45%
Santa Rosa, CA
$745,000.00
9%
5 years
1 year
Scenario: The borrower was “in contract” to purchase a $750,000.00 property with vineyard potential.
This property had 3 “back-up” offers so the borrower had to close quickly or lose the sale.
The borrowers had an additional vineyard property that they put up as collateral to enable them to get funds necessary to close their purchase. California Private Money Lenders were able to fund this loan within 3 weeks.