Recently Funded Hard Money Loan – Downey: $607,750, 1st TD, 65.00% LTV, 9.75% Lender

Borrower, real estate investor and long-time business owner was seeking a 1st TD to purchase this industrial condo corner unit in the City of Downey in Los Angeles County. The subject building is configured to house a single user and offers 3,992 SF interior space (1,600 SF of office space) which includes entry/lobby, 3 offices,…

Recently Funded Hard Money Loan – Laguna Beach and Newport Beach: $550,000, 2nd TD, 62.55% CLTV, 10.25% Lender

Real estate investor and self-employed borrower was seeking a blanket loan on an SFR in Laguna Beach and Back Unit Condo in Corona Del Mar. The purpose of the loan was to invest in their psychiatric residential treatment facility in Pacific Beach, CA.  Funds were used for additional working capital to make improvements to the…

Recently Funded Hard Money Loan – Pipes Canyon: $300,000, 1st TD, 46.15% LTV, 11.50% Lender

Borrower and long-time business owner, architect and designer was seeking a cash-out 1st TD loan to rehab this SFR in Pipes, CA in San Bernardino County near historic Pioneertown.  At completion, the subject will be a signature “Case Study” mid-century modern home designed by the borrower. Subject will consist of 5 total rooms and 2BR/2.5BA. …