Loan Summary Borrower and real estate investor sought a 2nd TD business-purpose cash-out loan secured by a recently updated, Colonial-style, owner-occupied single-family residence located in a prime Pasadena neighborhood in Los Angeles County, CA. The subject property is a large estate home in a high-demand luxury submarket. Loan proceeds will be used as working capital…
Loan Summary Borrower is a seasoned construction professional with over 20 years of experience as a construction project manager, with a track record of successfully managing residential ground-up builds. Borrower owned this subject property “free and clear” for many years located in the Glassell Park area of Northeast Los Angeles, a transitioning neighborhood with a…
Loan Purpose The borrower sought a $455,000 business-purpose acquisition 1st TD loan to purchase a Non-Owner-Occupied single-family residence in Los Angeles. The borrower is a successful real estate investor and owner. The new owners signed the Purchase Agreement for $520,000 in February 2026 and released their $15,000 earnest money deposit to the Property Owner. The…