Investment Info:
Single-family residence private money loan investment in French Camp.
Purchase price: $208,000
Cash invested: $91,000
Negotiated a 2nd Trust Deed on the property so that the client could maintain her existing great rate on the 1st and still be able to obtain cash out of the property. Client is very happy with the terms of the loan and is able to utilize the cash out for expansion of her existing business.
What made you interested in investing in this type of deal?
The equity in the property is solid as well as keeping the LTV low so as not over encumber the asset.
How did you find this deal and how did you negotiate it?
The client was referred to me. Negotiations took approximately two weeks to nail down between what the client's business consultant recommended and what I was able to procure on the lending side.
How did you finance this deal?
I have an arsenol of private, commercial and institutional lenders of which to choose from that allows me to pick and choose which fit each client's needs and abilities to meet the debt requirement.
How did you add value to the deal?
The value I add to the deal is my expertise and experience in structuring the loan based on client's individual qualifications such as credit score, income, assets, experience and character. I then look at the asset to determine if it meets the qualifications which is a more indepth analysis such as equity, existing leins, tax situation, location, deferred maintenance, DSCR and many other factors.
What was the outcome?
This loan turned out very well for the client and she is very happy.
