Recent Funding in Lancaster, CA: $143,000 1st TD @ 9.50%, 65.00% LTV, SFR, NOO, 24 Mos. Term.

Real estate investor and full-time wage earner employee sought a cash-out 1st TD on this Lancaster SFR in LA County.  Funds from our loan were used to payoff a 1st & 2nd TD as well as cash-out to make minor updates to the same property. The subject property was a traditional style single story SFR…

Recently Funded Commercial Purchase Transaction: $1,418,400 1st TD @ 8.50%, 60.00% LTV, Purchase, NOO, 36 Month Term.

Investment Scenario: 788 credit score borrower and long-time business owner was seeking a business purpose 1st TD to purchase this industrial building in Fullerton, CA in Orange County. The subject property was a 12,000 SF industrial building with 3 tenants – 100% occupancy.  The building was 12,000 SF.  Each unit offered an entrance from East…

Recently Closed Commercial Property Situated in Carlsbad, CA: $300,000 3rd Trust Deed, 60.00% CLTV, 12 Month Term.

Long-time real estate investor and  business owner was seeking a business purpose, cash-out 3rd TD on this Industrial Flex property in Carlsbad, CA.  Funds from our loan were used to help relocate his sports flooring and locker manufacturing business to Ensenada, Mexico where he is building a 25,000 SF factory.  For the past 20 years…