Done Deal! Hard Money Land Loan in Adelanto: $2,500,000 @ 14.50%, 1st TD, Cash-Out, LTV 8.33%

Repeat MVI borrower and successful real estate investor is sought a 1st TD on this fully entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross collateralizing a fully entitled, CUP permitted, city approved commercial 12 lot subdivide on Jonathan Street, in…

Done Deal! Hard Money Construction Loan in Adelanto: $2,500,000 @ 14.50%, 1st TD, Commercial, Cannabis, 20.83% LTV

Very successful business owner, operator and real estate owner of “Stay Elevated LA” cannabis brand and existing cultivation center in Van Nuys, Los Angeles sought a 1st Trust Deed ground up construction loan to expand borrower’s own cultivation operations as well as generate rental income from other cannabis businesses in what will be this newly constructed…

Closed! Hard Money Cannabis Loan in Adelanto: $550,000 @ 15.75%, 2nd TD, Cash-Out, Commercial, 55.00% CLTV

Mortgage Vintage borrower is seeking a $550k business purpose 2nd TD on this commercial building in Adelanto, CA. Borrower’s recent $5.5M 1st TD is current and held by Mortgage Vintage. 100% funds from this 2nd TD will be used towards purchasing another high output cultivation system to maximize production and meet borrower’s climbing product demand.…

Done Deal! Cannabis Construction Loan in Adelanto: $1,375,000 @12.50%, Land, 1st TD, Cash-Out, 6.25% LTV

Experienced real estate investor and cannabis business owner sought a 1st TD cash-out loan on this “Free & Clear” fully-entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross-collateralizing “Free & Clear” land that is pending final fully-entitled, CUP permitted, city approved…

Cash-Out Refinance Loan Funded in Adelanto

Adelanto, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $86,700 BPO Valuation $144,500 Occup Non-Owner Occ. Interest Rate 11.25% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months   Loan Scenario: Real Estate Investor…