Rental Property in Corona Del Mar
- Estimated Value: $1,150,000
- Loan Amount: $350,000
- Position: 1st
- Interest: 9.99%
- Term: 4 year guarantee of interest
This borrower came to us looking for cash out of a rental property in Corona Del Mar. The appraisal he had done back in July 2017 stated the value then at $1,150,000. Since the market has only gone up from there we did not require a new appraisal. He only owed $195,000 on his 1st. He wanted to leave that in place since his rate was 3%.
We provided him a loan in 2nd position of $350,000 at 9.99% for 48 months. The property is currently rented for $3,900 per month.
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.
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.