Closed Loans

San Diego, CA, September 15, 2011.  The Loan Company of San Diego provided a $267,500 loan commitment (1st Trust Deed) allowing the borrower to purchase a single family residence non-owner occupied investment property in the Balboa Park area of San Diego. The purchase price for the 1,458 sq.ft. 3BR/ 2BA was $535,000. The borrower will be doing some slight remodeling then resell the property upon completion as the exit strategy. The Loan Company provided a 50% loan to purchase price.  The sales comps easily support the purchase price as a conservative market value.  The Loan Company provided the borrower an excellent bridge loan with a competitive private money rate. The borrower was extremely pleased with The Loan Company’s ability to move fast and hassle free, allowing the borrower the flexibility and speed to compete in today’s competitive bidding process.