Deal Details
Private Loan Type
Refinance
Approx. Funding Date
12/10/2024
Property Type
Single Family Residence
Property City
Sacramento
Property State
CA
Loan Term (months)
6
Lien Type
1st Trust Deed
Payment Type
Interest Only
Purchase Price
$600,000
Loan-to-Purchase Price
50%
Borrower's Contribution to Purchase
50%
Source of Borrower's Contribution
Cash and Cross Collateral
Property Value
$600,000
Previous Loan Balance
$100,000
Loan-to-Value
50%
Renovation Budget
$80,000
Renovation Budget Funded
90%
Borrower's Contribution to Budget
10%
After-Repair Value
$700,000
Loan-to-After-Repair Value
50%
Renovation Project Scope
Light Rehab
Construction Budget
$200,000
Construction Budget Funded
80%
Builder's Contribution to Budget
20%
Completed Value
$800,000
Loan-to-Completed Value
30%
Construction Project Scope
Vertical
Term
10 years
Rate Type
Adjustable
Debt Service Coverage Ratio
0.75
Property Neighborhood
Arden
Location Type
Suburban
Property Condition
Fair
Occupancy at Closing
Vacant
Number of Units
1
Building Square Footage
2,000
Lot Square Footage
8,000
Lot Acreage
0.75
Borrower's Plan
Rehab and Rent
Exit Strategy
Pay Down
Borrower Credit Rating
Excellent
Interest Rate
11.50%
Origination Points
1.50%
Broker Commission
$6,000
Deal Summary
Testing Zoho CRM sync
Funded By
The Private Lending Company
A Test Company and Profile for Lender Link's Support Team
Dealmakers
Rocky Butani
Founder & CEO
CA DRE Broker Lic. 01893537