Contractor/Borrower needed loan term flexibility to decide on his exit strategy. MVI came through with an extra year. $382,000 1st Trust Deed 55% LTV on After Repair Value 8.50% Lender Rate 24-month Loan Term 6 month’s Guaranteed Interest Funds Control This Escondido property was about to hit the market when the borrower and family member…
Swiss architect on a California road trip falls in love with the desert & turns a dream & vision into an Airbnb.com reality $300,000 1st Trust Deed 46% LTV on Appraised Value 11.5% Lender Rate 18-month, IO Loan 6 month’s Prepaid Interest Foreign National borrower This remote Pipes Canyon home was all but forgotten, in…
This is what happens when a Broker’s Vision and an Owners’ Willingness come together… LTV on BPO 62.62% 11% Lender Rate 2-Year Interest Only Loan Previous Debt Paid In Full $130k Borrower Profit This San Diego property was inherited by a 15-year employee of the City of San Diego in poor condition, had both a…