Recently Funded Hard Money Loan – Santa Ana: $300,000, 2nd TD, 67.07% CLTV, 11.00% Lender

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this non-owner occupied, new construction SFR with additional dwelling unit in Santa Ana.  Borrower is highly experienced real developer and investor.   Subject property is a 2 stories SFR new construction in progress with an addition in the back. Home in…

Recently Funded Hard Money Loan – Agoura Hills: $160,000, 2nd TD, 60.83% CLTV, 10.50% Lender

Previous Mortgage Vintage borrowers and on-time payers are seeking a cash-out 2nd TD on this owner occupied SFR in Agoura Hills.  Borrowers are highly experienced real estate agents specialized in high end residential estate properties in the Malibu area with several multi-million dollar listings.  Borrowers were seeking a loan to invest back into their real…

Recently Funded Hard Money Loan – Clovis: $295,750, 1st TD, 65% LTV, 9.00% Lender

Long time business owner orthodontist was seeking a cash-out 1st TD on this free-and-clear Clovis, CA owner occupied 2nd home to invest back into his Huntington Beach based orthodontist practice.  The borrower recently began expanding human resources by adding additional dental assistants.  Borrower now plans to upgrade equipment, install a new software system, augment supplies…

Recently Funded Hard Money Loan – Los Angeles: $550,000, 1st TD, 64.71% LTV, 9.00% Lender

The borrower and real estate investor were seeking a new 1st TD to payoff existing mortgage and cash-out for reserves on this Los Angeles multi-unit apartment building. The subject property is a 5-unit apartment building that offers 2 freestanding buildings.  The buildings are 2-stories with good “class D” quality construction. Building measures 4,750 SF and…

Recently Funded Hard Money Loan – Pipes Canyon: $300,000, 1st TD, 46.15% LTV, 11.50% Lender

Borrower and long-time business owner, architect and designer was seeking a cash-out 1st TD loan to rehab this SFR in Pipes, CA in San Bernardino County near historic Pioneertown.  At completion, the subject will be a signature “Case Study” mid-century modern home designed by the borrower. Subject will consist of 5 total rooms and 2BR/2.5BA. …

Recently Funded Hard Money Loan – Newport Coast: $262,500, 2nd TD, 65.00% CLTV, 11.00% Lender

Real estate investor and long time Southern California real estate agent was seeking a cash-out 2nd TD on this owner occupied property in Newport Coast, Orange County.  Proceeds from this loan were used to help purchase another real estate investment property. The subject property is a very private Mediterranean style SFR that sits on a…

Recently Funded Hard Money Loan – Shingle Springs: $540,000, 1st TD, 60.00% LTV, 10.25% Lender

20-year employee of the State of California as a Civil Engineer and Infrastructure Project Manager was seeking a 1st TD to complete the ground-up construction of this SFR in Shingle Springs, CA in El Dorado County. When completed, the subject property will be a 2,808 SF ranch home sitting on 21 completely fenced acres.  This…

Recently Funded Hard Money Loan – Stockton: $277,500,1st TD, 75.00% LTV, 9.75% Lender Rate

Real Estate Broker, successful real estate investor and U.S Passport holding borrower was seeking a 1st TD to purchase this Stockton, CA SFR investment property.  Borrower plans to purchase this property and hold for the long-term. The subject is contemporary style 2,533 sf SFR that sits on a large 7,784 sf lot.  The subject property …

Recently Funded Hard Money Loan – San Diego: $500,000, 1st TD, 68.97% LTV, 10.00% Lender Rate

Real estate investor was seeking a cash-out 1st TD on this free-and-clear San Diego investment property.  The borrower inherited this property from his mom and intends to remodel the home, and, in turn, garner maximum rental income via Airbnb.com. Currently the subject is a single-story SFR with 1,350 SF of living space and 7 total…

Recently Funded Hard Money Loan – Orange: $132,500, 2nd TD, 65.00% CLTV, 10.50% Lender Rate

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this mixed-used property in Orange, CA.  Funds were used as working capital for borrower’s construction company, which is operated out of the SFR of the subject. The subject is a mixed use property with SFR and commercial buildings.  The subject property…

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…