Closed! “Fix & Rent” in Santa Ana: $337,500 @ 8.50%, 1st TD, Purchase, 75.00% LTV

Brokers, Recent Transactions, Santa Ana

Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied “Fix & Rent” SFR investment property in Santa Ana, Orange County, CA. In addition to renting out this SFR after some minor repairs, borrower plans to maximize investment income by building an ADU on the subject property’s large, unused lot.  Borrower…

Done Deal! Hard Money Loan in Monrovia: $270,000 1st TD, 31.03% LTV, Cash-Out, 7.00% Lender Rate

Brokers, Monrovia, Recent Transactions, Uncategorized

Borrower sought a 1st TD refinance loan on this non-owner occupied SFR investment property in Monrovia, Los Angeles County, CA. Funds from our loan will be used to pay off an existing reverse mortgage (227k). Borrower’s father owned this subject property. Father recently passed away and borrower inherited this subject property.  The subject property is…