Recently Funded Hard Money Loan – Santa Ana: $1,140,000, 1st TD, 80.00% CLTV, 8.25% Lender Rate

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…

Recently Funded Hard Money Loan – Los Angeles: $1,000,000, 1st TD, 10.00% CLTV, 9.25% Lender Rate

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…