Loan Type: Property Type: LTV: Location: Loan Amount: Rate: Term Prepayment Penalty:
Private Money Loan Purchase Single Family Residence 30% Petaluma, CA $400,000.00 10% 5 years 1 year |
Scenario: Borrowers had to “short sale” his previous residence and could qualify for a new loan. California Private Money Lenders able to lend the funds need to close the transaction due the borrower being able coming up with 70% of the cost of the home.