Recent Funding in Malibu

A Private Financial recent funding in Malibu with ocean views and fully permitted for building.  Loan Amount $120,000

Loan Summary

Two vacant lots in Malibu.  Borrower is an experienced real estate investor and plans to build two houses on the properties for resale.  He is working with top professionals in the area and needed the extra money to finish the required pre-building process before he applies for a construction loan.  Both lots have beautiful ocean views and are in a very good area surrounded by lovely homes.  The lots are on two different streets – one lot is almost directly above the other lot.

  • Property Description: 2 vacant lots with ocean views and almost fully permitted to begin building in MalibuRecent funding in malibu
  • Loan Amount: $120,000.00
  • Loan Position: 2nd Trust Deed
  • Appraised Value: $2,270,000.00
  • Combined Loan-To-Value: 57.05%
  • Interest Rate: 11.00%
  • Term: 1 Year / Interest Only
  • Prepayment Penalty: 3 Months Only

Are you looking for a private loan?  We would be happy to talk to you about your options.  Give us a call to get started.  818-782-6398

Jeralyn Sommers
Private Financial, Inc.
Real Estate Broker
CA. BRE # 01952914 / 01047826
NMLS # 1172916 / 290528