Recently Funded! Hard Money Loan in San Bernardino: $235,000 @12.50%, 2nd TD, Cash-Out, Multi-Family, 63.53% CLTV

Brief Overview Trust Deed Description Real estate investors sought a $235,000 business purpose 2nd Trust Deed loan on this non-owner occupied fully renovated multifamily investment property in San Bernardino, San Bernardino County, CA. The borrowers will be using the loan proceeds to convert a 4 car garage into 2 ADUs to make it a 6 unit…

Closed! Hard Money Loan in Dana Point: $225,000 @12.00%, 2nd TD, Cash-Out, Multi-family (4 Units), 64.99% CLTV

Brief Overview Loan Description Borrower and real estate owner sought a $225,000 business purpose 2nd Trust Deed cash out loan on this non-owner and owner occupied well-maintained 4-unit multifamily investment property building located in Dana Point, Orange County, CA—approximately one mile from Dana Point Harbor and walking distance to local shops and restaurants. The borrower will…

Done Deal! Hard Money Loan in San Diego: $520,000 @ 12.50%, 2nd TD, Cash-Out-Refinance, SFR, 64.61% CLTV

Brief Overview Loan Scenario Business owner sought a $520,000 business purpose 2nd Trust Deed cash out refinance loan on this owner-occupied SFR with canyon views in the desirable University City neighborhood of San Diego, San Diego County, CA. The borrower will be using the loan proceeds to pay off a current and in good standing…

Recently Funded! Hard Money Loan in Beverly Hills: $1,390,000 @12.00%, 2nd TD, Cash-Out, SFR, 64.93% CLTV

Brief Overview Borrower and business owner sought a $1,390,000 business purpose 2nd Trust Deed cash out refinance loan on this owner-occupied, fully renovated SFR very well located in prestigious Beverly Hills, Los Angeles County, CA. The borrower will be using the loan proceeds to pay off an existing and in good standing $478K 2nd TD. The…

Closed! Hard Money Loan in Los Angeles: $500,000 @11.50%, 2nd TD, Bridge, SFR, 46.41% CLTV

Brief Overview Loan Purpose: The borrower sought a $500,000 2nd Trust Deed secured by a single-family residence in Los Angeles. Loan proceeds will be used to complete the landscaping phase of a construction project, which includes an outdoor kitchen, hardscape, irrigation, lighting, and other exterior improvements. The full construction budget of $500,000 will be held…