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Recently Funded Hard Money Loan in Irvine, CA for $246,100
Irvine, CA Download Recent Transaction – $246,100 Business Purpose Cash-Out Loan Irvine, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $246,100 Broker Price Opinion $1.234Mil Occup Owner Occ. Lender Rate 9.50% CLTV on BPO 65.00% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 24 mos. Guaranteed Int.…
Recently Funded Hard Money Loan in Moorpark, CA for $312,500
Moorpark, CA Download recent-transaction-312500-business-purpose-cash-out-refinancne-loan-funded-moorpark-ca Property / Loan Information Property Type Modular Home + Land Lien Position 1st TD Loan Amount $312,500 Broker Price Opinion $1Mil Occup Non-Owner Occ. Lender Rate 8.00% LTV on BPO 30.20% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: 736…
Recently Funded Hard Money Loan in Victorville, CA for $70,000
Victorville, CA Download recent-transaction-70000-business-purpose-purchase-loan-funded-victorville-ca Property / Loan Information Property Type Residential Manufactured Home Lien Position 1st TD Loan Amount $70,000 Broker Price Opinion $123,000 Occup Non-Owner Occ. Lender Rate 10.75% LTV on BPO 56.91% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Real Estate…
Recently Funded Hard Money Loan in Glendale, CA for $300,000
Glendale, CA Download recent-transaction-300000-business-purpose-cash-out-glendale-ca Property / Loan Information Property Type Multi-Family Lien Position 2nd TD Loan Amount $300,000 Appraised Value $6.5Mil Occup Non-Owner Occ. Lender Rate 9.75% CLTV on Appraised Value 36.92% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Borrower owned property for…
10 Reasons Why a Borrower Would Need a Hard Money Loan
What are the reasons a borrower would need a hard money loan? We often get the question, “Why would a Real Estate Investor, Self Employed Individual or Business Owner need Hard Money?” Followed by, “Why would anyone pay those rates?” Well, after having underwritten and funded over 330 loans, we have learned there are…
Recently Funded Hard Money in Carlsbad, CA for $51,000
Carlsbad, CA Download recent-transaction-51000-business-purpose-cash-out-carlsbad Property / Loan Information Property Type Residential Townhouse Lien Position 2nd TD Loan Amount $51,000 AVM Value $380,000 Occup Non-Owner Occ. Lender Rate 10.75% CLTV on AVM Value 70.04% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Analytical Manager/Borrower…
Recently Funded Hard Money in Gardena, CA for $1,267,500
Gardena, CA Download recent-transaction-1267500-business-purpose-purchase-gardena-ca Property / Loan Information Property Type Comm/Industrial Lien Position 1st TD Loan Amount $1,267,500 Appraised Value $1.956Mil Occup Non-Owner Occ. Lender Rate 9.25% LTV on Appraised Value 64.18% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Real Estate Investor/Borrower purchased this Industrial building for…
Recently Funded Hard Money Loan in San Gabriel, CA for $180,000
San Gabriel, CA Download recent-transaction-180000-business-purpose-cash-out-san-gabriel Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $180,000 Est. 1st TD $756,000 Occup Owner Occ. Lender Rate 11.00% CLTV on BPO Value 60.39% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: Self-employed Borrower seeking…
Recently Funded Hard Money Loan in Coalinga, CA for $87,750
Coalinga, CA Download recent-transaction-87750-business-purpose-purchase-loan-funded-coalinga Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $87,750 Purch. Price $76,000 Occup Non-Owner Occ. Lender Rate 11.25% LTV on Total Value 65.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months Loan Scenario: 658 FICO borrower with stable…
Recently Funded Hard Money Loan in Fontana for $189,000
Fontana, CA Download recent-transaction-189000-business-purpose-purchase-loan-funded-fontana-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $189,000 Purch. Price $270,000 Occup Non-Owner Occ. Lender Rate 9.25% LTV on Purch Price 70.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: Real Estate Investor who is…
Leverage Fintech and the Internet
How do Fintech principles and the Internet make for a better Hard Money Loan? The Internet continues to destroy old and create new business models. Disintermediation runs rampant. How does a financial services business survive and thrive in the Financial Technology “FinTech” space and create a profitable business model in today’s Internet world? Old…
Recently Funded Hard Money Loan in Malibu for $400,000
Malibu, CA Download recent-transaction-400000-business-purpose-cash-out-loan-funded-malibu-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $400,000 BPO Value $1.8Mil Occup Non-Owner Occ. Lender Rate 8.00% LTV on BPO Value 22.22% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: 617 FICO Borrower/Retired Camarillo, CA,…
Recently Funded Hard Money Loan in Los Angeles for $269,750
Los Angeles, CA Download recent-transaction-269750-business-purpose-cash-out-loan-funded-los-angeles-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $269,750 BPO Value $415,000 Occup Non-Owner Occ. Lender Rate 9.50% LTV on BPO Value 65.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: Self-Employed Borrower who owns…
Recently Funded Hard Money Loan in Van Nuys for $150,000
Van Nuys, CA Download recent-transaction-2nd-business-purpose-cash-out-loan-funded-van-nuys-ca Property / Loan Information Property Type SF Condo Lien Position 2nd TD Loan Amount $150,000 BPO Value $569,900 Occup Owner Lender Rate 10.50% CLTV 45.27% Loan Type Business Purpose Cash-Out Amortization Interest Only Due 60 mos. Guaranteed Int. 6 months …
Recently Funded Hard Money Loan in Yorba Linda for $60,000
Yorba Linda, CA recent-transaction-2nd-business-purpose-cash-out-loan-funded-yorba-linda-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $60,000 BPO Value $375,000 Occup. Non-Owner Lender Rate 10.50% CLTV on BPO 58.13% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. (Balloon) Gtd.…
Recently Funded Hard Money Loan in La Quinta for $211,250
La Quinta, CA recent-transaction-1st-td-business-purpose-cash-out-loan-funded-la-quinta-ca Loan Type Business Purpose Cash-Out Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $211,250 Lender Est. Value $325,000 Occup. Non-Owner Lender Rate 9.25% LTV on Lender Est. Value 65.00% Amortization Interest Only Due in 36 mos. (Balloon) Borrower…
Recently Funded Hard Money Loan in Simi Valley for $65,000
Simi Valley, CA recent-transaction-2nd-td-investment-property-cash-out-loan-funded-simi-valley-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $65,000 BPO Value $540,000 Occup. Non-Owner Lender Rate 9.50% LTV on BPO 12.04% Loan Type Investment Prop. Cash-Out Amortization Interest Only Due in 6/2017 (Balloon) Gtd. Interest …
Recently Funded Hard Money Loan in Camarillo for $950,000
Camarillo, CA Recent Transaction – Owner Occupied Consumer Purpose Bridge Loan Funded – with Cross Collateral – Camarillo, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $950,000 Comb. Zillow Value $2,180,000 Occup Owner Lender Rate 9.50% LTV on Comb. Zillow 43.58% Loan Type Owner…
Loan to Value (LTV) Ratios: Which One to Use and When?
One of the most important underwriting elements for Hard Money Lenders and Trust Deed Investors is the Loan to Value Ratio (LTV). The Loan to Value Ratio is defined as the Loan Amount divided by the Value of the property. The question is: Which Value? LTV provides guidance for lenders and investors on how much…
Recently Funded Hard Money Loan in Los Angeles for $2,535,000
Los Angeles, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Ch- Los Angeles, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $2,535,000 BPO Value $3.9Mil Occup Owner Lender Rate 10.50% LTV on BPO 65.00% Loan Type Business Purpose Cash-Out Amortization Interest Only…
Recently Funded Hard Money Loan in Calabasas for $220,000
Calabasas, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Calabasas, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $220,000 ARV BPO Value $1,75Mil Occup Non-Owner Lender Rate 11.75% CLTV on BPO ARV 60.40% Loan Type Business Purpose Cash-Out Amortization Interest…
Recently Funded Hard Money Loan in Riverside for $39,000
Riverside, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Riverside, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $39,000 BPO Value $312,500 Occup Non-Owner Lender Rate 11.00% CLTV on BPO Value 60.16% Loan Type Business Purpose Cash-Out Amortization…
Recently Funded Hard Money Loan in Santa Ana for $60,000
Santa Ana, CA Recent Transaction – 2nd TD Business Purpose Cash-Out Loan Funded – Santa Ana, CA Property / Loan Information Property Type Multi-Fam Lien Position 2nd TD Loan Amount $60,000 BPO Value $810,000 Occup Non-Owner Lender Rate 10.25% CLTV on Purch 60.00% Loan Type Business Purpose Purchase…
Recently Funded Hard Money Loan in Anaheim for $150,000
Anaheim, CA Recent Transaction – 1st TD Business Purpose Cash-Out Loan Funded – Anaheim, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $150,000 BPO Value $410,000 Occup Non-Owner Lender Rate 9.00% LTV on BPO Value 36.59% Loan Type Business Purpose Cash-Out…
Recently Funded Hard Money Loan in Gardena for $182,500
Gardena, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Denver Ave., Gardena, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $182,500 BPO Value $365,000 Occup Non-Owner Lender Rate 9.00% LTV on BPO Value 50.00% Loan…
Recently Funded Hard Money Loan in Indio for $75,000
Indio, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Indio, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $75,000 BPO Value $225,000 Occup Owner Lender Rate 9.25% LTV on BPO Value 33.33% Loan Type Business…
Recently Funded Hard Money Loan in Eureka for $120,000
Eureka, CA DownloadRecent Transaction – Business Purpose Purchase Loan Funded – Eureka, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $120,000 BPO Value $175,000 Occup Non-Owner Lender Rate 10.00% LTV on BPO Value 68.57% Loan Type Business Purpose Purchase Amortization Interest Only Due in…
Recently Funded Hard Money Loan in Los Angeles for $177,500
Los Angeles, CA DownloadRecent Transaction – Business Purpose Cash-Out Loan Funded – Van.L.A., CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $177,500 BPO Value $355,000 Occup Non-Owner Lender Rate 9.00% LTV on BPO Value 50% Loan Type Business Purpose Cash-Out Amortization Interest Only…