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.