Los Altos Hills, CA – Refinance of Luxury Home
FJM Private Mortgage Fund, LLC provided a $2.1MM first deed of trust on this property. The borrower wanted to recapture some of their invested capital after spending over $1MM remodeling the home. In addition, there were several title issues on the property FJM was able to help the borrower clear.
This loan is 65% of market value and priced competitively at 10% and 2 points and the referring broker made a 1% fee.