Vacant Land in Agoura CA

Los Angeles County Hard Money Loan: 

• Estimated Value: $680,000
• Loan Amount: $220,000
• Position: 1st
• Interest: 12%
• Monthly interest to investor: $2,200.00
• Term: 12 year with 3 month guarantee of interest
• Details: 
  

  Although we don’t consider ourselves to be a land lender, we do have exceptions. Here is a perfect example. The borrower owns a lot in Agoura California. He already has plans to build a Tuscan Farmhouse style home. The appraised value came in at $680,000 and he only owed $150,000. We paid off the 1st and wrote him a new loan of $220,000. 12% interest for 12 months with only a 3 month prepay. He had the option of 11% with a 6 month prepay also. The funds will be used to finish all needed to be shovel ready.