SFR In San Luis Obispo CA
SUBJECT PROPERTY: SFR Rental On Pacific Avenue,
- Estimated Value: $3,100,000
- Loan Amount: $1,500,000
- Position: 1st
- Interest: 9.9%
- Monthly interest to investor: $12,375
- Term: 60 months
They came to us after being promised a million dollars by another lender. Still not sure why the other lender dropped the ball at the last minute. This was a super easy loan to do. Loan to Value was less than 50%. The property appraised for 3.1 million. The home is oceanfront in San Luis Obispo. We ended up getting them 1.5 million at 9.9% for 5 years with a 6 month pre-pay.
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.