Done Deal! Hard Money Loan in Laguna Beach: $115,000, 2nd TD @ 10.00%, Cash-Out, 57.16% CLTV

Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out 2nd TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to support this investment property’s overhead while borrower obtains a conventional loan to to…

Recent Transaction in Encino: $170,000, 2nd TD, 24.50% CLTV, Cash-Out, 9.00% Lender Rate

Borrower sought a business purpose cash-out 2nd TD on this owner occupied SFR property in Encino, Los Angeles County, CA.  The funds from our loan will be used to launch borrower’s online retail clothing and provide working capital for his existing photography company. The subject property is a contemporary, one story SFR in good condition,…