Daily Archives: August 17, 2023

Closed! Hard Money Loan in Santa Ana: $549,000 1st TD @ 10.00%, Cash-Out, Duplex, 60.00% LTV

Brokers, Recent Transactions, Santa AnaBy Sandy MV August 17, 2023

Successful MVI borrower and real estate investor sought a business purpose cash-out refi 1st TD on this non-owner occupied Single Family Residence property in Santa Ana, CA in Orange County. Funds from our loan will be used to: 1) payoff existing loan; 2) pay property taxes for this and another investment property. While this is…

Recently Funded Hard Money Loan in Pacific Palisades: $650,000

Brokers, Recent TransactionsBy Sandy MV August 17, 2023

Business owners sought a $650,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Pacific Palisades, Los Angeles County, CA. Loan proceeds will be used to 1) payoff an existing 2nd mortgage; 2) payoff some tax liens; and 3) will be used towards the Borrower’s Biotechnology Business’ (Aicher, Inc. et. al). In…