Done Deal! Hard Money Loan in Chino: $115,000 @ 12.00%, 2nd TD, Cash-Out, Single Family Residence, 60.01%

Brokers, Chino, Recent Transactions

CEO/Owner of Metal Builders Group and real investor sought a small $115,000 business purpose 2nd Trust Deed loan on this owner-occupied SFR in Chino, San Bernardino County, CA.  The loan proceeds will be used on upgrades to borrower’s other commercial investment property in Los Angeles, CA. The borrower’s 1st mortgage has a principal balance of…

Recently Funded Hard Money Loan in Ojai: $775,000 @ 11.50%, 1st TD, Cash-Out, Single Family Residence, 37.80% LTV

Brokers, Ojai, Recent Transactions

Real estate investor sought a $775K 1st Trust Deed business purpose cash out loan on this “Free and Clear” (no existing debt) non-owner-occupied investment rental SFR property in Ojai, Ventura County, CA.  The purpose of this loan is to use funds to invest in other real estate investment rental properties to add to borrower’s existing Schedule…