Closed! Hard Money Loan in Perris: $2,084,800 @ 16.00%, 1st TD, Land, Cash-Out Refi, 25.00% LTV

Brokers, Perris, Recent Transactions

Successful Mortgage Vintage Borrower, business owner, and real estate investor (Fairbrook Communities, LLC) sought a Blanket 1st Trust Deed loan to pay off an existing 1st Trust Deed and provide capital to finish entitlements for two well-located sites of undeveloped land in Perris in Riverside County. The multi-family development entitlements for both properties should be…

Recently Funded Hard Money Loan in Los Angles: $286,000 @ 12.50%, 2nd TD, Single Family Residence, Cash-Out, 60.00% CLTV

Brokers, Los Angeles, Recent Transactions

Successful Mortgage Vintage Borrower sought $286,000 business purpose 2nd Trust Deed loan on this non-owner-occupied duplex in Los Angeles, CA.  The loan proceeds were used to payoff a current and in good standing 2nd TD that we currently hold and the rest of the proceeds will be used to make minor repairs to the property.…