Single Family Rental In Monterey California
- Estimated Value: $550,000
- Loan Amount: $300,000
- Position: 1st
- Interest: 9%
- Monthly interest to investor: $2,250.00
- Term: 3 year with 6 month guarantee of interest
This was not a complicated loan…..although 5 lenders turned them down. The SFR is located in Monterey CA and tenant occupied. They came to us with a current loan balance of $230,000. They simply wanted to refinance the loan at $300,000. They wanted the proceeds to upgrade the property. Our appraisal came back at $550,000. Our loan was at 9.% for 36 months with a 6 month prepayment penalty.
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.