Recently Funded Hard Money Loan – Shingle Springs: $540,000, 1st TD, 60.00% LTV, 10.25% Lender

20-year employee of the State of California as a Civil Engineer and Infrastructure Project Manager was seeking a 1st TD to complete the ground-up construction of this SFR in Shingle Springs, CA in El Dorado County. When completed, the subject property will be a 2,808 SF ranch home sitting on 21 completely fenced acres.  This…

Recently Funded Hard Money Loan – Stockton: $277,500,1st TD, 75.00% LTV, 9.75% Lender Rate

Real Estate Broker, successful real estate investor and U.S Passport holding borrower was seeking a 1st TD to purchase this Stockton, CA SFR investment property.  Borrower plans to purchase this property and hold for the long-term. The subject is contemporary style 2,533 sf SFR that sits on a large 7,784 sf lot.  The subject property …

Recently Funded Hard Money Loan – San Diego: $500,000, 1st TD, 68.97% LTV, 10.00% Lender Rate

Real estate investor was seeking a cash-out 1st TD on this free-and-clear San Diego investment property.  The borrower inherited this property from his mom and intends to remodel the home, and, in turn, garner maximum rental income via Airbnb.com. Currently the subject is a single-story SFR with 1,350 SF of living space and 7 total…