Recently Funded! Hard Money Loan in Orange: $150,000 @11.00%, 2nd TD, Cash-Out, SFR,58.38% CLTV

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Loan Purpose The borrower sought a business-purpose cash-out loan secured by a non-owner occupied single-family residence. Proceeds from the new second trust deed is intended to support the development of an Accessory Dwelling Unit (ADU) on the property. Based on the valuation commentary, the property’s lot configuration and surrounding rental demand—particularly from nearby Chapman University—support…

Closed! Hard Money Loan in San Diego: $700,000 @11.75%, 2nd TD, Cash-Out, SFR + ADU, 52.11% CLTV

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Loan Summary Borrowers and real estate developers sought a 2nd TD business purpose cash out on this owner occupied high-end, contemporary SFR + ADU with city, canyon and hillside views located in the desirable “Mission Hills” neighborhood of San Diego, CA. Loan proceeds will be used to support interim cash flow needs for an 80-unit mixed-use…

Done Deal! Hard Money Loan in Los Angeles: $500,000 @12.50%, 2nd TD, Cash-Out-Refinance, Condo, 58.26% CLTV

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Loan Summary  Borrower sought a 2nd TD business purpose cash out refinance on this owner occupied condo in the “Faubourg St. Denis” luxury boutique 22-unit condo complex in the highly desirable Hancock Park / Mid-Wilshire / Beverly Hills area of Los Angeles. The loan proceeds will be used to pay off an existing and in good…