Closed! Hard Money Loan in Palm Desert: $737,000 @ 10.50%, 1st TD, Commercial, Cash-Out, 55.00% LTV

Very successful borrower who is the Owner and Founder of “Vista Paint” https://www.vistapaint.com/ and experienced real estate investor of a large commercial and residential real estate portfolio throughout Southern California sought a business purpose cash out loan on this “Free and Clear” non-owner occupied commercial investment building just 2 blocks from world-famous El Paseo shopping…

Done Deal! Hard Money Commercial Loan in Palm Desert: $745,500 @ 10.50%, 1st TD, Cash-Out, 55% LTV

Very successful borrower who is the Owner and Founder of “Vista Paint” https://www.vistapaint.com/ and experienced real estate investor of a large commercial and residential real estate portfolio throughout Southern California sought a business purpose cash out loan on this “Free and Clear” non-owner occupied commercial investment building just 2 blocks from world-famous El Paseo shopping…

Recently Funded Hard Money Loan in San Jose: $1,092,000 @ 10.00%, 1st TD, Cash-Out, Single Family Residence, 60.00% CLTV

Business Owner and Real Estate Investor sought a 1st TD cash-out refinance on this non-owner occupied investment property in San Jose, CA. Loan proceeds will be used for cosmetic upgrades to all three of the borrower’s properties as well as capital infusion into the borrower’s biopharmaceutical consulting business. The exit strategy is to refinance into…