Private Money Refinance for Luxury Home in Chatsworth, California

Funded by Cityscape Finance, LLC

3,325,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

07/07/2022

Property Type
Single Family Residence
Property City

Chatsworth

Property State

CA

Loan Term (months)

18

Lien Type

1st Mortgage

Payment Type

Interest Only

Property Value

$5,700,000

Loan-to-Value

58.33%

Property Condition

Brand New Build

Number of Units

1

Building Square Footage

10,825

Exit Strategy

Refinance

Interest Rate

9.99%

Deal Summary

Cityscape Finance, a direct private lending firm, funded a $3,325,000 private money refinance loan secured by a single-family luxury home property in Chatsworth, California, in the San Fernando Valley of LA County. The estimated value of the home was $5,700,000 so the loan-to-value for our 1st mortgage was 58.33%. The property is newly built with a size of 10,825 square feet. The interest rate for our loan was 9.99% with interest-only payments. The Borrower plans to improve their credit score and refinance into a 30-year rental loan before the end of the 18-month loan term. This private money loan was funded in July 2022.

Funded By

Cityscape Finance, LLC

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