Recently Funded Hard Money Loan – Bell Gardens: $416,000.00, 1st, LTV: 65.00%, Lender Rate: 10.00%

Real estate investor and business owner sought a business purpose loan to purchase this investment property in Los Angeles County for $640K. The subject is comprised of two SFRs. Unit 6811 is 2bd/1 bath and 1,060 sf. This unit is currently gutted with an estimated cost of $80K to renovate. The rear unit 6809 is…

Recently Funded Hard Money Loan – Bell Gardens: $75,000, 2nd TD, 69.23% CLTV, 11.00% Lender Rate

Borrower and real estate investor was seeking a cash-out 2nd TD on this non-owner occupied 3-unit investment property in LA County.  Proceeds from this loan were used to make improvements to the same property. The subject is a traditional style 3-unit property situated on a large 12,281 SF lot in Bell Gardens, CA. The property itself…