Recent Hard Money Commercial Transaction in Cathedral City: $2,156,050 @ 12.00%, 1st TD, Cash-Out, 53.50% LTV

Brokers, Cathedral City, Recent Transactions

High net worth borrower to support ability to pay this loan. Personal Guarantee on Loan. Exit: refinance before maturity date of loan. Liquidating cash on this free and clear – no debt – commercial property to purchase additional real estate in area. Very successful borrower who is the Owner and Founder of “Vista Paint” https://www.vistapaint.com/…

Recently Funded Hard Money Land Loan in Moreno Valley: $2,000,000 @ 15.00%, 1st TD, Cash-Out, 25.32% CLTV

Brokers, Moreno Valley, Recent Transactions

Successful MVI Borrowers and Real Estate Developers, https://fairbrook.com/company/, sought a 1st TD to refinance this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. The Borrowers acquired this property in 2021 and have since invested a total of $2.8 million…