Long-time business owner needed a business purpose cash-out 2nd TD on this Encinitas investment property in San Diego County. Funds from our loan were used to make minor improvements so the borrower can increase rent. Exit strategy from our loan is a conventional refi or a possible sale. The subject is a 3,342 SF split…
Business owner sought a cash-out 1st TD on this industrial building in Anaheim in Orange County. Proceeds from our loan paid off an existing Union Bank 1st TD Note that is coming due. The borrower owns the building and his successful solar business with two business partners. The subject is a single tenant industrial building…
This opportunity was a business purpose cash-out 2nd TD on an owner occupied SFR in Victorville. The borrower owns a non-emergency transportation business and used the proceeds for working capital and to pay off business related debt. The subject property is a ranch style SFR located in the Victorville in San Bernardino County. The single-story…
Business owner and licensed general contractor needed a business purpose cash-out 2nd TD on an owner-occupied property in Berkeley, CA. Funds from our loan were used to payoff an existing 2nd as well as provide cash-out to build an Accessory Dwelling Unit on the property. 100% of the construction budget was Funds Controlled. Subject property…