Fresno, California Hard Money Refinance Loan
Single Family Residence

Lien Position: 1st

Loan Amount: $425,000

Loan to Value: 33%

Term: 24 months with no prepayment penalty

Details: Source Capital Funding was approached by this client for a hard money refinance loan in Fresno, California. The existing structure on the property was to be demolished as the borrower received approval from the city to build a large-scale storage facility and needed funds to start the construction process.