Recently Funded Hard Money Loan – Menifee: $70,600, 2nd TD, 65.00% CLTV, 10.75% Lender Rate

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…

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…

Recently Funded Hard Money Loan – Irvine: $210,000, 2nd TD, 73.18% CLTV, 11.50% Lender Rate

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…