Second Property in Los Angeles
- Estimated Value: $559,000
- Loan Amount: $170,000
- Position: 1st
- Interest: 9.5%
- Term: 1 year and 6 month guarantee of interest
This client already owed $89,120. He wanted us to pay off the existing loan and give him a new loan of $170,000. The property was appraised at $559,000. We wrote him an 18 month loan at 9.5% interest. The client opted to pay six months of interest in advance. This was pretty much a no-brainer. We were able to close it very quickly.
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.