Borrower needed funds to pay off a 1st position lien on their property located in San Rafael. Cross collateralized with a property in San Anselmo, California.
Loan Amount: $300,000
Loan Term: 1 Year
Combined Loan to Value: Under 40%
Loan Position: First Deed of Trust on San Rafael property, 3rd position deed of trust on San Anselmo property.
