Private Money Business Line of Credit for SFR in Los Gatos, California

Stonecrest Financial, a direct California private lending firm, funded a $1,000,000 1st lien position equity cash-out loan for a single-family home in Los Gatos, California. This Borrower is a past client that has utilized our Business Line of Credit product for his real estate investments. He was once again in need of capital for several projects so we provided him with a $1M line against this investment property. The subject property is a 5,216-square-foot single-family home situated on a 1.70-acre lot. This home was built in 1954. It has 5 bedrooms and 4.5 bathrooms. It has a solar system (owned), two fireplaces, dual-pane windows, and central air conditioning. This SFR private money business line of credit was funded in October 2018.