Business owner was seeking a cash-out 1st TD on this owner occupied SFR in Los Angeles County. Proceeds from this loan were to be used to invest back into the borrower’s mobile mechanic business, Mireles Mobile Mechanic Service. Borrower has owned this business for 24 years. Subject property is a single-story SFR situated on a…
Real Estate Investor and previous successful MVI borrower was seeking a cash-out 2nd TD to complete repairs and updates to this 5-unit LA property. The subject property consists of 4-detached structures of 3,334 s.f., 5-unit apartment complex building constructed in 1924 & a non-permitted unit made of a garage conversion. Subject is in the Eagle…
Business owner was seeking a cash-out 2nd TD on this owner occupied SFR in Los Angeles. Proceeds from this loan were to be used to invest back into the borrower’s contract sewing business. First mortgage is a conventional loan. Subject property is a single-story SFR situated on a 7,732 sqft lot in the Glassell Park…
800 credit score business owner, business owner and long-time nurse was seeking a cash-out 2nd TD to pay business expenses for a business that she owns with her husband, Predator Truck Caps. Built in 2005, the subject is a beautiful 2-story home in the La Cresta neighborhood of Murrieta in Riverside County. The home sits…
712 Fico score borrower, Real estate investor and 11-year President & CEO of Howell Real Estate Management was seeking a business purpose purchase loan to purchase this investment property in San Diego. Our subject property is a single-story ground level condominium. The home is 1,294 SF and features 4 rooms with 2 BR and 2…
Real estate investor and experienced Fix and Flipper was seeking a business purpose purchase loan to acquire this investment property in Corona. Borrower plans to rehab the property and then sell. Our subject property is a single-story bungalow style single family residence built in 1940. The home is 600 SF with 4 rooms and 2…
698 fico score borrower was beginning the process of selling her current primary residence in Lake Elsinore to acquire a new permanent residence in Palm Desert which will be her retirement home. To accomplish this move, the borrower needed a 1st TD Bridge Loan for the down payment of her new primary residence. The subject…
Retired military, Sheriff’s Deputy and small business owner was seeking a cash-out 2nd TD to invest back into his business that he co-owns with his wife, Bella Faces Design Studio, LLC. The subject property is located in Menifee, CA in Riverside County. This two-story home sits on a 4,080 sqft lot and comprises 4 bedrooms…
Foreign National real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The subject property is located in Murrieta, CA in Riverside County. The home sits on a…
Self-employed, strong credit score borrower was seeking a business purpose cash out refinance loan to refinance the existing loan on this multi-family property. Borrower has owned the property since 2009. Subject is a 100% occupied property which consists of 3 parcels totaling 23,161 square and is located on a commercial/residential street. The Property is an…
Real Estate investor and business owner was seeking a business purpose cash-out 2nd TD on this owner occupied property to use for property improvement, working capital and marketing for Rancho Remuda, the property owner’s bed & breakfast and horse breeding, training and boarding facility. Once owned by Cary Grant, the subject property was the first…
What are the risks to lending on After Repair Value (ARV)? The After-Repair Value (ARV) estimates the future value of a distressed property after it’s been repaired. ARV is not a property’s current value when purchased but rather the estimated value of the property once improvements are made. ARV is commonly used by fix and…
Real estate investor, long time land owner and CEO of Rightime Enterprice was seeking a business purpose cash-out refi on these 5 parcels of vacant land. Loan proceeds were used to payoff existing 1st & 2nd liens. The cash-out portion of the funds were used to cover current architectural and engineering fees as well as…
Self-employed borrower was seeking a business purpose cash-out loan for this owner occupied property to invest in his appliance delivery business (RI Enterprise) and make repairs to his delivery trucks. Subject property is a two story single family residence located in Hacienda Heights. The home is a 6 BR / 4 BA single family residence…
Real estate investor, business owner and 791 credit score borrower was seeking a business purpose purchase loan to acquire this newly renovated single family residence in Fontana, CA. Our subject property is a newly rehabbed single-story single family residence. The home is 1,138 SF and features 5 rooms with 3 BR and 2 BA and…
Real Estate Investor, business owner and 6-year employee of the US Air Force Reserves was seeking to refinance his existing 1st Trust Deed. The current 1st was a seller carryback and the Note is coming due in June 2018. Our subject property is a single-story duplex situated on 8.68 acres in Anza, CA in Riverside…
Real Estate Investor and 20-year employee of with the same company was seeking a cash-out 1st TD on this non-owner occupied investment property. Our new Mortgage Vintage 1st TD was to payoff an existing 1st & 2nd and the remaining funds were used to make minor upgrades and improvements to the same property. Our subject…
Long time successful business owners and 705 and 728 credit score borrowers were looking to make a business purpose purchase with cross collateral 2nd TD of existing home. Our subject property is a beautiful 4 BR / 3 BA, 4,263 sf home in Monarch Bay community of Dana Point. This property is on a land…
Real estate investor, 20-year insurance broker and 762 mid-fico score borrower was seeking a business purpose purchase loan to Fix-&-Flip this Short Sale condo in LA County. Borrower was in escrow for $50,000 under the BPO “As-Is” value. Our subject property is a two-story end-unit condo in Van Nuys in the San Fernando Valley. The…
Real estate investor and long-time Realtor was seeking a new cash-out 1st TD to make improvements to the subject property and other investment properties owned by the borrower. Subject is a single-level condo sitting on a 2,614 sf lot. The home itself is 977 sf and features 6 rooms with 2 BR and 1.5 BA…
Real estate investor and 775 fico score borrower was seeking a cash-out 2nd TD on this LA investment property to make cosmetic upgrades to this property and another 4-plex owned by the borrower. The subject property is a single-story, bungalow style SFR sitting on a sizable 6,171 sqft lot in the Glassel Park neighborhood of…
What to look for when evaluating the quality of construction? Many hard money loans in Orange County involve a borrower rehabbing or repositioning a property before a sale or rental. The resulting property sale or rental will happen faster when the rehabber deploys proper project management and quality construction. A well-run project will facilitate a…
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Successful MVI borrower and real estate investor/flipper was seeking a business purpose purchase loan to fix-and-flip this SFR in Orange County. Borrower purchased property for $55,000 under BPO “As-Is” value. Subject is a bi-level SFR sitting on a large 6,762 sf lot. The home is 1,831 sf and features 6 rooms with 2 BR and…
Real estate investor and full time wage earner was seeking a cash-out 1st TD on this non-owner occupied property in Hemet, CA. Loan proceeds will be used to make upgrades and repairs to the subject property. The subject property is a single-story, ranch style SFR sitting on a 4,791 sqft lot in Hemet in Riverside…
Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The two subject properties are in the same complex and are model…
Real estate investor, business owner and 765 FICO score borrower was seeking a cash-out 2nd TD on this owner occupied Laguna Beach property to invest back into his wireless telecom business, Saturn Holdings Limited, a Cambodian based company. The subject property is a single-story, SFR sitting on a 5,000 sqft lot in a prime Laguna…
Real estate investor, 684 credit score borrower and full time wage earner with over 13 years at current employer as a medical assistant was seeking a cash-out 2nd TD on this non-owner occupied Santa Ana property. Loan proceeds will be used to make upgrades and repairs to the subject property. The subject property is a…
Real Estate Investor and 15-year employee with the City of San Diego was seeking a business purpose cash-out 1st TD of this non-owner occupied SFR. The property owner inherited this San Diego home in May, 2017. The loan proceeds will be used to help prepare the home for sale, payoff existing 1st and 2nd, acquire…
Real estate investor and self-employed borrower was seeking a business purpose cash-out refinance to payoff existing 1st TD and make improvements to the property. Subject is a 2-story, 4-unit multi-family property located in Los Angeles. Property measures 2,810 sf of gross living area, and is situated on a 4,996 sqft lot. Property consists of two…