Recent Transaction in Simi Valley: $76,000 @ 10.00%, 2nd TD, Cash-Out, Condo, 13.82% CLTV

Business owners sought a cash-out 2nd TD of this owner occupied Condo in Simi Valley, Ventura County.  Proceeds from this loan will be invested into the Borrower’s Allstate Insurance business. Our subject property is a well appointed two-story Condo located in Simi Valley.  The subject was built in 1987 and has 1,137 sqft of living space…

Recently Funded Hard Money Purchase in Laguna Beach: $1,462,500 @ 8.00%, 1st TD, SFR, LTV 75.00%

Real Estate investor sought a new business purpose purchase 1st TD on this non-owner occupied Duplex investment property in Laguna Beach, CA in Orange County.  Funds from our loan will be used to purchase the subject property for $1.95 Mil.  Borrowers’ Down Payment will be more than $500k. The subject property is 1,914 SF duplex…