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© 2019 by Fund Source & Chase Capital - NMLS Number 116487 - DRE Number 01049524 - Corporation NMLS ID # 116012 - Corporation DRE ID Number 01432096

Just Closed

a summary of the latest successfully closed loans

20 UNIT PROPERTY IN LOS ANGELES

$2,500,000 Loan = $1,000,000 Cash Out

Owner lives out of State; Wanted to cash out and invest in real estate; 10 Years Fixed Loan spread over 30 years; 3,95% closed in 30 days

8 UNIT PROPERTY IN LOS ANGELES

$780,000 Loan = $400,000 Cash Out

8 Unit Apartment Complex in Mid City; Owner turned down by numerous banks due to income limitations; Renegotiated older payment loan down to a lower amount; 4,52%

7 UNIT PROPERTY IN LOS ANGELES

$1,450,000 Loan = $750,000 Cash Out

Turned down by multiple banks due to borrower's net worth; Property was appraised $200,000 over expected value; Used cash out to invest in additional buildings; 4,25%

9 UNIT PROPERTY IN LOS ANGELES

$1,600,000 Loan = $600,000 Cash Out

9 Unit property with owner requesting cash for inheritance payout; Property denied by multiple banks due to income issues; Maximum value was used to obtain cash out; $300,000 higher than expected; 4,25%

12 UNIT PROPERTY IN LOS ANGELES

$1,895,000 Loan = $500,000 Cash Out

Borrower requested $500k cash out to reinvest in real estate; Declined by usual lender for lack of incomes; After being told he could only reapply for provate money we re-evaluated his building and closed the loan at 4,0%