Recently Funded Hard Money Loan – Rancho Mirage: $308,000, 1st TD, 50.00% LTV, 7.75% Lender Rate

Real estate investors were seeking a 1st TD to purchase this beautiful Rancho Mirage home. Property will be used as a furnished vacation rental. The subject is a Spanish style single story residence in the gated Mira Vista neighborhood of Rancho Mirage. The home measures 2,332 sf of gross living area and is situated on…

Rental Purchase Loan Funded – Rancho Mirage, CA

Rancho Mirage, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $272,350 Purchase Price $419,000 Occup Non-Owner Occ. Interest Rate 10.00% LTV on Purch. Price 65.00% Loan Type Rental Purchase Amortization 40 Year amort/due in 2 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking to purchase SFR…