Done Deal! Hard Money Loan in Westlake Village: $600,000 @ 12.00%, 1st TD, Cash-Out, SFR, 25.00% CLTV

Brief Overview Experienced real estate owner and developer sought a $600,000 business purpose 1st Trust Deed cash out loan on this non-owner occupied approximately 3 acres of “free and clear’ entitled land located in the prestigious ‘Country Club Estates’, a gated golf course community in Westlake Village, Ventura County, CA. The borrower will be using the…

Recently Funded! Hard Money Loan in Newport Beach: $2,800,000 @12.75%, 2nd TD, Cash-Out-Refinance, SFR, 64.43% CLTV

INVESTOR RATE INCREASED TO 12.75% Borrowers and business owners sought a $2,800,000 business purpose 2nd Trust Deed cash out refinance loan on this owner occupied SFR investment property in “Dover Shores” by Newport Back Bay, the estuary and nature reserve area behind the coastal neighborhoods in Newport Beach, Orange County, CA. The borrowers will be using…