We closed a Trust Deed Investment hard money loan in Wildomar California . The Borrower was purchasing an investment property to begin his real estate portfolio, He has complex tax return issues being that he is self employed and so he was denied a purchase money loan from the big bank, then this other hard money company dragged him through the ringer for two weeks and his escrow was coming to an end and So we came in for his investment purchase as he was putting down half of the purchase price. So we closed in five (5) business days, with a hard money loan of $140,000. So we gave a twenty-four (24) month loan term at 10% Interest Only with a six (6) month pre-pay. He was happy because our hard money terms were better then the other hard money lender and the borrower did not lose his deposit.
For more information about Trust deed investments, Feel free to contact me at 949.836.5004 or email me at mitchvalmer@gmail.com and feel free to request a qualified investor's package.
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