Recently Funded Hard Money Construction Loan in Newport Beach: $1,235,000 @ 11.00%, 2nd TD, Cash-Out, SFR, 67.16% CLTV

Successful business owners sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The loan proceeds will be used to support the expansion of the borrower’s growing Telemedicine business “Pioneer Technologies Solutions” and the balance of the funds will be held in funds control and used to…

Recent Hard Money Purchase in Palos Verdes Estates: $2,437,000 @ 7.50%, 1st TD, Investment SFR, 65.00% LTV

Successful Real Estate Investor sought a 1st TD purchase loan for this SFR Non-Owner-Occupied investment property in Palos Verdes Estates, CA.  The borrower is recently Divorced which impacted his Credit. The subject property is a classic Mediterranean style SFR, sitting in one of the most sought-after neighborhoods in all of Palos Verdes Estates, Los Angeles County.…

Done Deal! Hard Money Loan in Santa Clarita: $137,000 @ 12.00%, 2nd TD, SFR, Cash-Out, CLTV 69.93%

Experienced realtor sought a business purpose cash-out 2nd TD on this owner-occupied, newly built SFR in Santa Clarita, Los Angeles County, CA. Funds from our loan will be used towards a business investment opportunity. The $912k 1st TD is current and in good standing at a 5.75% rate. The subject property is a beautiful, two-story,…