Recently Funded Hard Money Loan – Altadena: $60,000, 2nd TD, 43.69% CLTV, 11.00% Lender

Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Altadena to invest back into her cultural center in Pasadena, the Alkebu-lan Cultural Center, for supplies and updates to the building: http://www.alkebulanpasadena.com/. The subject property is a 1,800 sf Ranch style SFR that sits on a large 12,398 SF…

Recently Funded Hard Money Loan in Altadena, CA for $500,000

Restaurant owner was looking for a business purpose loan cash-out to pay off the $70k 3rd TD she used to purchase the commercial property.   El Caporal’s Tacos draw hungry fans from all over AltaDena and Pasadena. Coupled with outstanding service, the restaurant continues to earn significant income.  Previous seller has a carryback 2nd that has subordinated. Borrower…