Recently Funded Hard Money Loan in Hemet: $120,000 @ 13.00%, 2nd TD, Cash-Out, Single Family Residence, 58.46 CLTV

Brokers, Hemet, Recent Transactions

Business owner sought a small $120K 2nd Trust Deed business purpose on this owner-occupied SFR in Hemet, Riverside County, CA.  100% loan proceeds will be used for a capital infusion into the borrower’s elderly and disabled care services business. Exit strategy: borrower is a Veteran, VA consolidated refinance loan or business proceeds. The borrower’s 1st mortgage…

Closed! Hard Money Loan in Fullerton: $80,00 @ 11.00%, 2nd TD, Cash-Out, Single Family Residence, 41.93% CLTV

Brokers, Fullerton, Recent Transactions

Successful Business Owner was in search a small business purpose cash-out 2nd Trust Deed on this owner-occupied SFR in Fullerton, Orange County, CA.  Loan proceeds will be used for a capital infusion and expansion into the borrower’s manufacturing business, New Era Uretane, Inc. The exit strategy from our loan is a refinance within the next 12-18…