Done Deal! Hard Money Loan in Laguna Beach: $575,000 @ 11.00%, 2nd TD, Cash-Out, 57.55% CLTV

Brokers, Laguna Beach, Recent Transactions

Borrower sought a 2nd Trust Deed on this Ocean-View Beach Cottage investment SFR located in Laguna Beach, Orange County, CA. The purpose of this loan is to invest in borrowers’ merchant payment processing business. Borrowers’ small 1st mortgage is current with a principal balance of $144,427, a fixed interest rate of 4.75%, P&I payment of…

Recently Funded Hard Money Land Loan in Temecula: $1,400,000 @ 12.50%, 1st TD, Cash-Out, 17.95% LTV

Brokers, Recent Transactions, Temecula

Repeat MVI borrower, president/owner of downtown San Diego family law practice and real estate investor sought a 1st TD business purpose cash out refinance loan on this 106.16 acres of land in the heart of Temecula’s Winery Region and just 13 minutes east of downtown Temecula in Riverside County, CA. The borrower inherited the property…