Westlake Village, CA
Single Family Residence
Private money loan secured by a single family home in the San Fernando Valley. The property is the Borrower's primary residence but Nationwide was able to offer this loan since the funds are to be used for a business purpose. The estimated value is $2.3M. There was already a 1st and 2nd mortgage on the property so this bridge loan is in 3rd position. The combined LTV is around 76%. Noelle was able to fund this loan just 2 weeks after receiving the initial inquiry from PrivateLenderLink.com. It was funded in May 2014, and the Borrower paid off the loan within 12 months.