The borrower is a seasoned technology executive who previously served as Senior Vice President and held senior leadership roles at Dell. The loan request is a 2nd TD business purpose loan on a owner-occupied SFR estate property located in Woodside, California, one of the most prestigious and supply-constrained residential markets in Silicon Valley. The property has…
Loan Purpose Business owner sought a $250,000 business purpose 1st Trust Deed cash out loan on this “free and clear” – no debt – non owner occupied rental SFR property in Brea, Orange County. The borrower will be using the loan proceeds to reinvest into their food truck business. Property Description The subject property is a…
Business owner sought a 1st Trust Deed business-purpose cash-out loan on a free-and-clear, non-owner-occupied newly constructed barn-style residence estate designed for weddings and entertainment events in the wine country of Santa Rosa, Sonoma County, CA. The property currently has no existing debt. Loan proceeds will be used to buy out the borrower’s partner from the…
Loan Purpose Repeat Mortgage Vintage borrower and experienced business owner, sought a business-purpose, non-owner-occupied Blanket 1st/2nd Trust Deed blanket loan to acquire a 17-unit fully occupied multi-family property located on Vermont Avenue in Los Angeles, while cross-collateralizing an existing 5-unit multi-family property on 40th Place in Los Angeles. Loan proceeds will be used to purchase…
Loan Summary Borrower sought a 1st TD rate-and-term business purpose refinance on a non-owner occupied SFR investment property in the highly desirable Mesa Verde tract of Costa Mesa, Orange County, CA. Loan proceeds will pay off existing 1st mortgage lien currently in default and has a notice of default filed. The borrower, a registered nurse…
Loan Purpose Repeat successful Mortgage Vintage borrower and real estate investor sought a 2nd TD business purpose loan on this owner occupied SFR gated community with a private golf course and clubhouse on the golf course in Indian Wells, Riverside County, CA. The loan proceeds will be used for cosmetic upgrades on a recent investment SFR…
Loan Summary The borrower sought a $260,000 business-purpose 2nd Trust Deed secured by an owner-occupied townhome located in the highly desirable Covington community of Yorba Linda, Orange County, CA. Loan proceeds will be used for expansion capital for the borrower’s educational consulting business. The borrower’s 1st Trust Deed is in the amount of $336,000 with…
Loan Purpose Very experienced developer/borrower obtained a business-purpose construction 2nd Lien Position bridge loan secured by a Malibu single-family residence. Loan proceeds are intended to fund the remaining $450,000 construction and related carrying costs associated with completing a high-end residential new home development. All $450k construction funds will be held in a licensed Funds Control…
Loan Summary Successful repeat Mortgage Vintage borrower, President/Owner of a downtown San Diego family law practice and experienced real estate investor, sought a 1st Trust Deed business-purpose cash-out refinance secured by 106.16 acres of land located in the heart of Temecula’s Wine Country, approximately 13 minutes east of downtown Temecula in Riverside County, CA. The…