Recently Funded! Hard Money Loan in Palm Desert: $665,000 @13.00%, 2nd TD, Cash-Out, Commercial, 49.83% CLTV

Brokers, Palm Desert, Recent Transactions

Executive Summary: Real estate owner-broker and investor sought a 2nd TD, rate-and-term refinance loan on a well-located commercial property, right on the 111 HWY near El Paseo shopping district, in Palm Desert, CA. The borrower is the owner, founder, and broker of www.firmcompanies.com, a company specializing in commercial real estate and property management throughout the Coachella Valley.…

Closed! Hard Money Loan in Hacienda Heights & San Dimas: $900,000 @8.50%, 1st TD, SFR, 40.72% CLTV

Brokers, Hacienda Heights, Recent Transactions, San Dimas

Executive Summary: Borrowers sought a 1st TD purchase bridge loan secured by two owner-occupied single-family residences located in Hacienda Heights and San Dimas, Los Angeles County, California. Both properties are recently upgraded and located in nice, suburban residential neighborhoods. The borrowers are leveraging the equity in their “free and clear” Hacienda Heights residence to purchase…