Done Deal! Recently Closed Private Money 2nd TD: $119,000, 69.97% CLTV, 10.50% Lender Rate, Simi Valley, CA

Real estate investor was seeking a business purpose cash-out 2nd TD to make improvements to a non-owner occupied SFR investment property in Simi Valley in Ventura County. The subject property is a contemporary style SFR located in Simi Valley in Ventura County.  The two-story home is 3,163 SF and sits on a large 10,454 SF…

Funded! “Lease Option to Buy” Hard Money Loan in Seal Beach: $967,000, 1st TD, 53.87% LTV, 7.25% Lender Rate

Real estate investors were seeking a 1st Trust Deed to purchase this Seal Beach SFR as an investment property with the intent to continue the rehab of the property and then either sell the property or conventionally refinance as a rental property once the rehab is complete.  The Borrowers entered into a Lease Option Agreement…

Closed! “Lease Option to Buy” Hard Money Loan: $1,200,000, Commercial, 1st TD, 55.81% LTV, 10.50% Lender Rate, Lompoc, CA

Long-time business owner was seeking a business purpose 1st TD to purchase this commercial shopping center in Lompoc, CA in Santa Barbara County.  The borrower has been acting as the property manager of this property since 2015 and is now exercising his right to purchase the property for $1.2M under a Lease Option to Buy…

Funded! “Owner Occupied” Hard Money 2nd TD: 69.43% CLTV, 11.00% Lender Rate, Huntington Beach, CA

Long-time business owner was seeking a business purpose 2nd TD on this SFR home in Huntington Beach in Orange County.  Our new loan paid-off an existing 2nd TD used for business related expenses to the borrower’s IT Consulting company, as well as a tax lien.  There is no cash-out to the borrower – all payoffs…

Done Deal! Hard Money Commercial Loan in San Clemente: $845,000 1st TD, 65.00% LTV, 10.00% Lender Rate

Real estate investor, business owner and current MVI borrower sought a rate and term refinance (no cash-out) of his current business purpose 1st TD on a commercial building in San Clemente in Orange County.  Funds from the loan were used to payoff a Mortgage Vintage 1st TD that was performing and matured on 10/1/19. The…