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Daily Archives: June 12, 2023

Recently Funded Hard Money ADU Loan in Santa Barbara: $340,000

Brokers, Recent Transactions, Santa BarbaraBy Sandy MVJune 12, 2023

High FICO real estate investor and successful business owner sought a $340,000 business purpose 2nd Trust Deed loan on this owner-occupied SFR in Santa Barbara, CA. The borrower was recently awarded an investment property in a divorce which has a few code violations that need to be repaired.   To confirm, our subject property is the Owner…

Closed! Hard Money Cannabis Loan in Adelanto: $1,848,000 @ 17.50%

Adelanto, Brokers, Recent Transactions, UncategorizedBy Sandy MVJune 12, 2023

Very successful, current MVI borrower with a consistently “on time” paying track record sought a 2nd TD cash out refinance loan on this 38,000 SF commercial building in Adelanto, CA. The purpose of this loan is to pay off an existing, current and in good standing Mortgage Vintage 2nd TD that is maturing in June 2023 as…

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