2nd Mortgage Private Money Loan for Rental Property in Los Altos, California

Funded by SDC Capital

$500,000

Deal Details

Private Loan Type

Refinance

Approx. Funding Date

02/06/2017

Property Type
Single Family Residence
Property City

Los Altos

Property State

CA

Lien Type

2nd Mortgage

Payment Type

Interest Only

Deal Summary

SDC Capital, a direct private lender based in Burbank, funded a $500,000 2nd mortgage private money loan for a rental property in Los Altos, Santa Clara County, CA. The Owner needed the funds for a business purpose. After speaking with several lenders, the Borrower selected SDC Capital based on our overall pricing structure and quick funding timeline. This private money loan was funded in February 2017.

Funded By

SDC Capital

Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.