Private Money Refinance for Luxury Home in Tiburon, Marin County, California

Funded by Private Mortgage Fund, LLC

$6,100,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

09/25/2019

Property Type
Single Family Residence
Property City

Tiburon

Property State

CA

Loan Term (months)

24

Lien Type

1st Mortgage

Payment Type

Interest Only

Loan-to-Value

60%

Building Square Footage

8,000

Deal Highlights

Borrower’s note was coming due, and they had less than one week to pay it off.
We did an in-house valuation.
We got this loan funded in just 3 days, with no appraisal required.
NO pre-payment penalty.

Deal Summary

Private Mortgage Fund LLC, a direct California private lender, funded a $6,100,000 1st lien position private money refinance loan secured by a residential investment property in Tiburon, Marin County, CA. The Borrowers had the home on the market for sale, but the note was coming due, and they had less than one week to pay it off. We did an in-house valuation and found the LTV was less than 60%. We got this loan funded in just 3 days, with no appraisal required. Although the home is on the market for sale, we set the loan term at 2 years, and there is no pre-payment penalty. The subject property is over 8,000 square feet, and features 5 bedrooms, a tennis court, infinity pool, a four car garage, guest quarters, and much more. This SFR private mortgage loan was funded in September 2019.

Funded By

Private Mortgage Fund, LLC

CA Direct Lender Funding in Less Than 1 Week with No Prepayment Penalty