Closed Loans

El Cajon, CA, December 19, 2011.  The Loan Company of San Diego provided a $1,500,000 loan commitment (1st Trust Deed on two properties and 2nd Trust Deed on two properties) that allowed the borrower to pull cash out of properties owned in order to purchase a discounted promissory note secured by a commercial property.  The note was owned by a bank with the property in foreclosure; the borrower purchased the note and then foreclosed on the property. The loan is secured by multiple properties with an overall estimated LTV ratio of 53%.  The Loan Company provided the borrower an excellent bridge loan with a competitive private money rate in less than 10 days. The borrower was extremely pleased with The Loan Company’s ability to move fast and hassle free.