Recently Funded Hard Money Loan – Fresno: $1,100,000, 1st TD, 29.73% LTV, Lender Rate: 12.00%

Experienced Assisted Living Facility Operator. Borrower sought a cash-out 1st TD on this Fresno Assisted Living and Memory Care Facility to complete the remodel of the subject property. Borrower has recently secured a new 1st Trust Deed of $700k that paid off a matured 1st TD that was used to purchase the property in Aug.…

Recently Funded Hard Money Loan – Lancaster: $1,000,000, 1st, LTV: 40.82%, Lender Rate: 12.00%

723 credit score borrower, real estate investor and business owner sought a 1st TD to purchase this commercial property in Lancaster, CA in Los Angeles County.  Property is currently rented to a long-time tenant since May 1, 2008.  Tenant signed a new 10-year NNN lease that began on May 1, 2016 and runs thru April…

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 – Santa Ana: $650,000.00, 2nd, CLTV: 25.341%, Lender Rate: 11.00%

Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU.  All three properties are currently in escrow to be sold upon completion of construction. Property 813 N. Figueroa St. will consist of a 2 story SFR…

The Payment is in the Mail and The Dog Ate My Homework

Originating and Servicing Hard Money Loans requires active listening to a Story.  There is typically a reason why the loan is not being funded conventionally.  Each hard money loan’s unique scenario potentially stretches guidelines as oftentimes the loan characteristics don’t fall into a Conventional or Non-QM underwriting box.  Many times, a loan’s wrinkles are legitimate…

Recently Funded Hard Money Bridge Loan – Aguanga, Aliso Viejo, $304,850, 1st and 2nd, CLTV: 89.662%, Lender Rate:10.75%

Retired contractor and full-time senior accountant soughta true Bridge Loan to purchase what will be their new primary residence. Our new loan isa blanket 1stTD on the subject property in Aguanga in Riverside County, and, a 2ndTD on the cross collateralproperty in Aliso Viejo in Orange County. The Aliso Viejo property is currently in escrow…

Recently Funded Hard Money Loan – San Juan Capistrano: $150,000, 2nd TD, 59.12% CLTV, 10.50% Lender Rate

Long-time business owner was seeking a business purpose cash-out 2nd TD on this owner-occupied San Juan Capistrano SFR to invest back into his real estate finance business. The subject property is a beautiful two-story Colonial style 3 BR/4.5 BA SFR located on a cul de sac street in San Juan Capistrano in Orange County. The…

Recently Funded Hard Money Loan – Monrovia: $150,000, 2nd TD, 56.00% CLTV, 10.25% Lender Rate

Long-time business owners were seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Monrovia in LA County. Proceeds from our loan will be used to help open a new location of the borrower’s restaurant business, Puebla Tacos. The subject property is a single level traditional style home sitting on a 6,888…

Recently Funded Hard Money Loan – Los Angeles: $115,000, 2nd TD, 50.55%, 10.00% Lender Rate

Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…

Recently Funded Hard Money Loan – Big Bear : $360,000 1st TD, 36.72% LTV, 10.00% Lender Rate

Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…

Recently Funded Hard Money Loan – Garden Grove: $375,000, 1st TD, 36.44% LTV, 9.00% Lender Rate

Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…

Recently Funded Hard Money Loan – Valley Springs: $217,000, 1st TD, 70.00% LTV, 10.00% Lender Rate

Self-employed borrower was seeking a 1st TD on this non-owner occupied SFR in Valley Springs, Calaveras County.  Borrower owns a construction company and has been in business for 10 years. Borrower purchased the home to fix up and turn into a rental property. Borrower’s down payment will be a gift from their in-laws. The source…

Recently Funded Hard Money Loan – Huntington Beach: $512,000, 2nd TD, 59.85% CLTV, 10.50 % Lender Rate

Borrower and real estate investor was seeking a business purpose 2nd TD on this Huntington Beach 12-unit multi-family property. Borrower is restructuring the 1st TD with Axos Bank and paid off an existing 2nd TD where the Note was coming due. This was a no cash-out refinance. The Axos Bank 1st TD is at 5.29%…

Recently Funded Hard Money- Santa Ana: $200,000, 1st TD, 37.74% LTV, 10.50% Lender Rate

Borrower, previous/current and on-time Mortgage Vintage borrower, and, highly experience real estate investor and developer was seeking a business purpose cash-out 1st TD on this vacant land with approved plans by the City of Santa Ana in Orange County. The subject property is a .25 acre vacant lot located in Santa Ana at the corner…

Recently Funded Hard Money Loan – Fountain Valley: $200,000, 2nd TD, 61.45% CLTV, 10.50% Lender

Self-employed borrower was seeking this business purpose 2nd loan to purchase an investment property in Nevada. All loan proceeds will be sent directly to the purchase escrow. Subject is a two-story traditional 4 BR/3 BA Single Family Residence located in Fountain Valley, Orange County. The Property measures 2,239 sf of gross living area, and is…

Recently Funded Hard Money Loan – Riverside: $700,000, 1st TD, 20.29% LTV, 14.00% Lender

Experienced Real Estate Investor that has developed over 10 Mil. s.f. and his family business was seeking this business purpose blanket loan to finance three parcels of land in Riverside for Multi-Family Development. The first parcel (Pinebrook – 28 Units) is a 1st TD purchase with full entitlements and permits in place.  The developer has…

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 – Santa Ana: $450,000, 1st TD, 60.00% LTV, 9.50% Lender

Real Estate Investor was looking to cash – out to fund continued construction of multiple single family homes real estate investment project in Santa Ana. Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space. Borrower is an experienced fix and flip investor and developer. Subject property is…

Recently Funded Hard Money Loan – Los Angeles: $175,000, 2nd TD, 63.38% CLTV, 11.00% Lender

Business owner was seeking a cash-out 2nd TD to invest back into a real estate investment business owned with her husband. Funds from our loan will be used for investing in distressed properties. The subject is a 2 story, 6 BR/3 BA Duplex located in the Boyle Heights neighborhood of Los Angeles. The property measures…

Recently Funded Hard Money Loan – Newport Beach: $1,250,000, 2nd TD, 54% CLTV, 12.00% Lender

Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County.  Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution. The subject is…