Recently Funded Hard Money Loan in Costa Mesa: $245,000 @ 12.99%, 2nd TD, Cash-Out, Detached, 58.87% CLTV

Brokers, Costa Mesa, Recent Transactions

Business owner sought a $245K 2nd Trust Deed business purpose loan on this owner-occupied SFR in Costa Mesa, Orange County, CA.  100% loan proceeds will be used for investment opportunities. The borrower’s 1st mortgage has a principal balance of $800,000 with a fixed interest rate of 4.25%, maturing November 2061 and a payment of $2,833/mo. The…

Closed! Hard Money Blanket Loan in Long Beach: $1,460,000 @ 10.00%, 1st TD, Cash-Out, 8 Unit Multi-Family, 52.14% LTV

Brokers, Long beach, Recent Transactions

Successful wage earner and real estate investor sought a short-term $1,460,000 blanket 1st Trust Deed cash-out refinance on these two non-owner-occupied multi-family rentals in Long Beach, Los Angeles County, CA. The borrower is currently going through a divorce which is to be finalized in the next couple months. He has been ordered to pay his…