Recently Funded Hard Money Loan – Lancaster: $127,000, 1st TD, 60.48% LTV, 10.00% Lender

Business owner and real estate investor was seeking a cash out 1st TD on this LA County industrial property to make improvements to the same property.  The property owner owns and operates a sand-blasting company on the same premises and has been in business since 2007. Subject property is a single story 2,400 SF industrial…

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…