Our borrower used their existing property as additional collateral to make an extremely competitive offer. This is useful when looking to purchase the new property with no down payment. This loan gave our Borrower the ability to make a more aggressive offer on their purchase and to buy before they sell, while giving them more flexibility on their timeframe to relocate.

Loan Amount: $1,200,000

Loan Term: 9 Months

CLTV: 58%

Loan Position: 1st Position Deed of Trust on subject property in Pleasant Hill (pictured above) and 2nd Position Deed of Trust on existing property in Lafayette, CA