I recently teamed up with Joe Tyrrell, EVP at Ellie Mae, to speak at the California Mortgage Association Conference in Las Vegas. Joe and I discussed “Understanding the Digital Mortgage” from the Hard Money Lender (HML) perspective. This is an important topic and it will be broken up into two parts. This month we will…
Borrower and real estate investor was seeking a cash-out 2nd TD on this non-owner occupied 3-unit investment property in LA County. Proceeds from this loan were used to make improvements to the same property. The subject is a traditional style 3-unit property situated on a large 12,281 SF lot in Bell Gardens, CA. The property itself…
Borrower and real estate investor was seeking a cash-out 2nd TD on this 16-unit multi-family property in San Diego County. Proceeds from this loan were used to finish updating the units to allow for maximum rental income. The subject is a 16-unit apartment building in National City, CA. The apartment mix is made up of 10…
Real estate investors were seeking a 1st TD to purchase this beautiful Rancho Mirage home. Property will be used as a furnished vacation rental. The subject is a Spanish style single story residence in the gated Mira Vista neighborhood of Rancho Mirage. The home measures 2,332 sf of gross living area and is situated on…
Experienced Real estate investors and developers were seeking a business purpose purchase loan on these 5 parcels which include 3 SFR’s and 2 Vacant Lots. Borrower plans to build a 5,000 s.f. medical building on 3 of the contiguous parcels. Borrowers have a “Tenant In Tow” that plan to sign a lease on the newly…
Real Estate Investor, General Contractor and Architect was looking for a business purpose cash-out 1st TD to complete plans and develop hillside property into a 78 unit apartment complex in the Baldwin Hills area of Los Angeles. Borrower’s exit strategy was to obtain a Take-Out construction loan to complete development. Subject View Property is a…
Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Riverside County. Proceeds from this loan were used to make improvements to the same property. The subject property is a contemporary style SFR situated on a large 7,405 SF lot in Menifee, CA. The property is 3,453 SF with 14 total…
Long-time building owners and retired business owners were seeking a business purpose cash out 1st TD to refinance the existing conventional 1st and 2nd TDs, payoff other debts and made some improvements to this Newport Beach mixed use property. Subject property is a two story 3,610 s.f. mixed use commercial building. Owner lives on the…
Self-employed and long-time business owner was seeking a cash-out 2nd TD on this beautiful owner-occupied property in Los Angeles county. Proceeds from this loan were used to invest into borrower’s business. The subject property is a unique SFR featuring a main house, guest house, storage units and horse stables. The main house is over 4,000 SF…
Borrowers, real estate investors and long-time business owners were seeking a cash-out 2nd TD on this Orange County SFR. Proceeds from this loan were used to help finish construction on a new house being built in Turtle Rock, Irvine by the borrower’s construction company. This will be the third home built by the borrower in…
Real estate investor and long time business owner was seeking a cash-out 1st TD on this beautiful San Luis Obispo property to invest back into his contractors’ business. The subject property is a farmhouse style 2-story SFR with 9 total rooms, 3 bedrooms / 2.5 baths and is situated on 35 wooded acres. The home…
Real estate investor and 30-year FedEx employee was seeking a cash-out 1st TD on this LA non-owner occupied investment property to make improvements and updates to the same property. Property is a 2-story, 3 bedroom / 1.5 bath SFR located in Leimert Park neighborhood of Los Angeles. The property measures 1,671 sf of gross living…