GUERNEVILLE SFR HARD MONEY 2ND MORTGAGE


  • Guerneville, CA (Sonoma County)
  • $30,000 Loan Amount
  • Single Family Home
  • 2nd Trust Deed

$30K hard money loan secured by a 2nd trust deed on a highly custom built home in Guerneville, a quaint town in Sonoma County. The property size is approximately 2,600 square feet on a 1/2 acre lot. It has been a rental, but the Borrower needed the funds to finish preparing the home for resale. The estimated value is $800,000 with an existing 1st Mortgage of $586,000, which makes for a 77% Combined LTV based on an internal review of value. The Borrower plans to payoff this hard money loan once the property has sold in the next 12 months.