Private Money Refinance for SFR Rental in Chico, California

Funded by Cityscape Finance, LLC

370,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

06/30/2022

Property Type
Single Family Residence
Property City

Chico

Property State

CA

Loan Term (months)

12

Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value

$468,000

Loan-to-Value

44.15%

Property Condition

Good

Building Square Footage

1,456

Borrower Credit Rating

Good

Interest Rate

9.99%

Deal Summary

Cityscape Finance funded a $370,000 private money loan secured by a single family rental property in Chico, California. The estimated value of the home was $468,000 so the loan-to-value for our 1st mortgage was 44.15%. The interest rate for our loan was 9.99%, and the loan term was set at 12 months. The Borrower had good credit and needed to cash out equity. The subject property is located close to Little Chico Creek Elementary and Hank Marsh Jr. High School. It is a 3 bedroom, 2-bath single family home. The kitchen layout offers an exceptional amount of cabinet space. The master suite has double entry doors, 3 separate closets and the master bathroom has double sinks granite counters and access to the walk-in closet. The garage has built-in workspaces and lots of storage cabinets. There is RV parking behind the double gates, plus there is paved parking in the front of the home. This private money loan was funded in June 2022.

Funded By

Cityscape Finance, LLC

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