Closed Loans

San Diego, CA, July 18, 2011.  The Loan Company of San Diego provided a $62,000 loan commitment (1st Trust Deed) allowing the borrower to purchase a single family residence non-owner occupied investment property on a 9,400 sq.ft. corner lot. The purchase price for the 1BR/1BA house was $82,500 or 75% of the purchase price.  Sale comp values exceed the purchase price and using market rent the net rental income easily services the debt. The Loan Company provided the borrower an excellent term loan with a competitive private money rate. The borrower was extremely pleased with The Loan Company’s ability to move fast on short notice.