Successful high-end developer is purchasing the property for $2,600,000. CASCO financial is funding a $1,700,000 loan at 10% interest for 2 years (9% payout to investors).
The developer is putting in plans to the City of Los Altos. The remodeled home will be around 4,000 sq. ft
Loan Amount: $1,700,000
Loan Term: 24 Months
Loan-To-Value Ratio: 44%
Annual Interest Rate : 10% – paid monthly