Private Money Loan Rental Property in Berkeley

Loan Terms

Estimated Value: $950,000
Loan Amount: $425,000
Details:
Got a call last week from a borrower who had a rental property in Berkeley California. The value of the property was $950,000. She only needed a loan of $425,000. Because she had issues in the past with late payments she had offers from other lenders with ridiculously high points. We charged less than half of every other lender she spoke with and got the loan done in a matter of days. Everybody deserves a second chance especially when there is a ton of equity.

Disclosures: **Per FDIC Regulations Section 6500, Part 226, Subpart C, 226.24. The amount of each payment that will apply over the term of the loan is based on simple annual interest applied to the unpaid balance. Loans range from 1 day to 60 months, are interest only and include a balloon payment due at term. Finance charges apply. Payments do not include amounts for property taxes or insurance premiums. This is not a commitment to lend. Rates and points are subject to change without notice. California Hard Money Direct makes first lien mortgage loans and second lien mortgage loans in California Only.

Broker License ID: 01384244
NMLS #348736

We are comprised of experienced, knowledgeable and dedicated professionals with expertise in every area of private and institutional real estate financing and hard money mortgages in California.

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1-800-571-0887

loans@californiahardmoneydirect.com

jrae@californiahardmoneydirect.com

processing@californiahardmoneydirect.com

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