Recently Funded Hard Money Loan – Los Angeles: $564,000, 2nd TD, 58.52% CLTV, 10.50% Lender

Long time business owner was seeking a cash-out 2nd TD on this beautiful Westchester SFR in Los Angeles to payoff an existing 2nd & 3rd and cash-out for his business.  Borrower owns a successful landscape company specializing in design, maintenance and construction:  http://brownlandscapeco.com/.  The loan proceeds from our MVI loan will be invested back into…

Recently Funded Hard Money Loan – Santa Ana: $300,000, 2nd TD, 67.07% CLTV, 11.00% Lender

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this non-owner occupied, new construction SFR with additional dwelling unit in Santa Ana.  Borrower is highly experienced real developer and investor.   Subject property is a 2 stories SFR new construction in progress with an addition in the back. Home in…

Recently Funded Hard Money Loan – Agoura Hills: $160,000, 2nd TD, 60.83% CLTV, 10.50% Lender

Previous Mortgage Vintage borrowers and on-time payers are seeking a cash-out 2nd TD on this owner occupied SFR in Agoura Hills.  Borrowers are highly experienced real estate agents specialized in high end residential estate properties in the Malibu area with several multi-million dollar listings.  Borrowers were seeking a loan to invest back into their real…

Recently Funded Hard Money Loan – Clovis: $295,750, 1st TD, 65% LTV, 9.00% Lender

Long time business owner orthodontist was seeking a cash-out 1st TD on this free-and-clear Clovis, CA owner occupied 2nd home to invest back into his Huntington Beach based orthodontist practice.  The borrower recently began expanding human resources by adding additional dental assistants.  Borrower now plans to upgrade equipment, install a new software system, augment supplies…

Recently Funded Hard Money Loan – Los Angeles: $550,000, 1st TD, 64.71% LTV, 9.00% Lender

The borrower and real estate investor were seeking a new 1st TD to payoff existing mortgage and cash-out for reserves on this Los Angeles multi-unit apartment building. The subject property is a 5-unit apartment building that offers 2 freestanding buildings.  The buildings are 2-stories with good “class D” quality construction. Building measures 4,750 SF and…