Tiburon, CA

$6,100,000

Single Family Residence

Refinance

09/25/2019
Transaction by
Private Mortgage Fund, LLC
Private Mortgage Fund, LLC provided a fast private money refinance loan secured by a residential investment property in Tiburon, Marin County, California. 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. We funded this private mortgage in September 2019.