Family trust needed to borrower money for light maintenance on their subject beach house and consolidate trust debt. The trust was a non-income producing entity with multiple signers. The un-orthodox nature of the request and a slight need for speed, landed them in our office with their mortgage broker. This ocean front property, in Arch Cape Oregon, is highly marketable and just 5 miles from the popular tourist destination Cannon Beach Oregon. Value: 1 million plus Loan amount: $280,000 Loan to value: 28%
