Closed Loans

San Diego, CA, The Loan Company of San Diego financed a $100,000 purchase loan for a single family residential, non-owner-occupied, investment property containing 1,173 rentable sq ft., 3BR/1Ba, on a fairly large rectangular 7,000 sq.ft. lot.  The purchase price was $165,000.  The home was in need of rehab with an estimated budget of approximately $10,000 for a total cost of $175,000 or 57% LTC.  The borrower was competing with five other buyers and could not have got the deal without The Loan Company moving as fast as we did.  The Loan Company provided the borrower competitively priced private money financing (9% interest) with excellent customer service moving fast for a quick close, making it easy and hassle free.