Recently Funded Hard Money Loan – Newport Beach: $645,000, 1st TD, 26.65% LTV, 8.00% Lender Rate

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…

Recently Funded Hard Money Loan – Chatsworth: $170,000, 2nd TD, 35.05% CLTV, 10.25% Lender Rate

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…