Private Money Loan Rental Property in Berkeley
- Estimated Value: $950,000
- Loan Amount: $425,000
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.