5 Unit Building in Inglewood
Loan Terms
- LoanAmount: $910,000
- Position: 1st
- Interest: 8.25%
- Details:
The borrower had excellent credit & 30% down. He planned on getting a bank loan until the appraisal came in. The 5 unit building in Inglewood was vacant. The appraiser estimated future rents to be $6,600.00 per month. The buyer calculated rents to be $11,000 per month. As such the debt to income ratio did not fit the bank guidelines. California Hard Money Direct stepped in with a Los Angeles hard money loan. We only had one week to close the deal. The borrower came in with 30% down. We financed the needed $910,000 at 8.25%
Please contact Judy at 800-571-0887 Extension 2 to inquire about Trust Deeds currently in need of funding. Keep in mind, all loans in this section have already been placed with investors. They are listed here to demonstrate the wide range of loans we offer.
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Call 800-571-0887 or fill out our web form for a call back. If you prefer, you can visit our Los Angeles Hard Money Loan office for an in person meeting today.
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