Daily Archives: August 5, 2019

Recently Funded Hard Money Loan – Santa Ana: $650,000.00, 2nd, CLTV: 25.341%, Lender Rate: 11.00%

Brokers, Recent Transactions, Santa AnaBy Sandy MV August 5, 2019

Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU. All three properties are currently in escrow to be sold upon completion of construction. Property 813 N. Figueroa St. will consist of a 2 story SFR…

The Payment is in the Mail and The Dog Ate My Homework

Blog, Borrowers, Brokers, Underwriting/ReviewBy Sandy MV August 5, 2019

Reading between the lines on Borrower loan scenarios and excuses – how it affects underwriting and loan preparation Originating and Servicing Hard Money Loans requires active listening to a Story. There is typically a reason why the loan is not being funded conventionally. Each hard money loan’s unique scenario potentially stretches guidelines as oftentimes…