The borrower in this case study had previously gone through a bankruptcy, and had a credit score of 470. It became very difficult to obtain a conventional loan, so he chose us to help him with his lending needs. We granted him a $170,000 first deed of trust on a Modesto owner-occupied property at 49% LTV. The borrower utilized funds to purchase machinery and other necessary equipment for starting up a new business venture.
![Low FICO score due to borrower previous bankruptcy](https://www.val-chris.com/wp-content/uploads/2019/07/47674e109b85ae6495880f2604f34f58.jpg))