Fremont, CA

$500,000

Single Family Residence

2nd Mortgage

12/14/2018
Transaction by
Stonecrest Financial
The borrowers came to us in need of working capital for their business. They wanted the flexibility of our Business Line of Credit product. Stonecrest provided a $500k line in 2nd position against their home, with a combined loan-to-value of 47%. The property is located in Fremont, California. It is a 6,977 sq ft single-family home sitting on a 16,179 sq ft lot. The property was built in 1993. It has 5 bedrooms and 5.5 bathrooms, a foyer and basement. There are three fireplaces, garage space for 5 cars, and the home includes an in-ground pool. It is in a residential neighborhood.