$800,000 Loan Amount
1st Trust Deed
$800K hard money equity cash out loan secured by land in Sacramento, CA. The Borrower owned the property free-and-clear and needed to cash out some funds for development costs. The appraised value of the property was $3.7M so the LTV is just 22% based on appraised value. Nationwide Mortgage was able to secure funding for this loan 2 weeks after receipt of the application.This private mortgage was funded in December 2015.