Closed! Vacant Land Purchase: $64,750, 1st TD, 50.00% LTV, 9.50% Lender Rate in Perris, CA

Experienced real estate investors sought a 1st TD loan to purchase these non-owner occupied 7 vacant land lots in Perris, Riverside County, CA.  Borrowers intend to hold on to properties which are zoned for rural residential and build SFRs on each in the future or sell vacant lands as they increase in value. Borrowers are…

Done Deal! Hard Money Loan in Los Angeles: $330,000 @ 11.00%, 2nd TD, Cash-Out, 60.59% CLTV

Experienced real estate investor and attorney sought a business purpose cash-out 2nd TD on this non-owner occupied SFR rental property in Westwood, Los Angeles County, CA.  The funds from our loan will be used  towards the purchase of two 5 acre investment mining properties in CA and to bring current the existing 1st TD in…