750 fico score real estate investor and real estate broker was seeking a business purpose loan to purchase this prime fix & flip opportunity in LA County. Subject property currently is a single-story traditional style SFR situated on a large 25,592 sqft lot in Downey. The subject was built in 1949. Property has 2,171 sqft of…
Real estate investor and long-time doctor was seeking a cash-out 1st TD of this Ventura County investment property. Loan proceeds from this new loan were used to update the same property. The condo is located in Westlake Village very close to Westlake Lake. The property measures 1,591 sf of gross living area and is situated…
How straight talk clears confusion Transparency remains one of the many aspects I enjoy in the Hard Money Loan and Trust Deed Investment Marketplace. In some recent reading, I read a Quote, “To Be Unclear is to be Unkind”. I wanted to spend a few moments to delve into this Quote to clarify exactly what…
Business owner was seeking a cash-out 2nd TD of this owner occupied SFR in Garden Grove property in Orange County. Proceeds from this loan were used to invest back into his company, Greenlife Nutrition. The subject was built in 1959 and has 1,716 sqft of living space with 4 bedrooms, 2 baths, living room, family room…
704 fico score real estate investor, long time land owner and 25-year CFO of ENCORE Plastics in Huntington Beach was seeking a business purpose cash-out refi on these 2 parcels of vacant land. Loan proceeds were used to cover project soft costs including legal fees, engineering costs, consulting fees and to secure easements for access…
Business owner and real estate investor was seeking a cash-out 2nd TD of this non-owner occupied SFR in Orange County. Proceeds from this loan were invested back into the borrower’s insurance agency, The Chadwick Agency. Our subject property is located in Irvine and is a two-story SFR situated on a 4,250 sqft lot. The subject was…
30-year business owner was seeking a cash-out 2nd TD of this owner occupied SFR in Bell Canyon in the San Fernando Valley. Proceeds from this loan were used to invest back into his television production business, MelliTV.com. Our subject property is located in the private, gated community of Bell Canyon in the San Fernando Valley on…
Business owner is seeking a cash-out 2nd TD of this owner occupied SFR in Costa Mesa. Proceeds from this loan will be used to invest real back into the borrower’s reconditioned furniture business, Refreshed. Our subject property is a single-story SFR situated on a 6,000 sqft lot. The subject was built in 1958 and has 1,647…
Real estate investor and 15-year business owner was seeking a cash-out 1st TD Blanket Loan on this non-owner occupied SFR in Silverado, Orange County. Proceeds from this loan were used to complete the rehab of the subject property. The borrower is a successful general contractor (Mesco, Inc.) and used his team of tradesmen to complete…
Real estate investor, Genera Contractor and 15-year business owner was seeking a cash-out 1st TD on this non-owner occupied SFR in Orange County. Proceeds from this loan were used to complete the rehab of the subject investment property. The borrower runs a successful wall, sewer and cement construction company and will be using his team…
Business owner was seeking a cash-out 2nd TD on this SFR in Norco, CA in Riverside County. Proceeds from this loan were invested back into the homeowner’s equestrian business, Green Lantern Farms. Subject property is a beautiful 2-story SFR situated on a .89-acre sqft lot in the Norco, CA in Riverside County. The subject was…
Real estate investor and previous successful Mortgage Vintage borrower was seeking a cash-out 1st TD to make upgrades to the same subject property and purchase another investment property. Property is a traditional 1-story, 5 bdrm/4ba SFR located in La Quinta, just east of Palm Desert. The Property measures 3,121 sf of gross living area and…
Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Proceeds from this loan were used to secure real estate investment opportunities Subject property is a single-story SFR situated on a 3,554 sqft lot in the Van Ness neighborhood of LA. The subject was built in 1926 and…
Business owner was seeking a cash-out 1st TD on this owner occupied SFR in Los Angeles County. Proceeds from this loan were to be used to invest back into the borrower’s mobile mechanic business, Mireles Mobile Mechanic Service. Borrower has owned this business for 24 years. Subject property is a single-story SFR situated on a…
Real Estate Investor and previous successful MVI borrower was seeking a cash-out 2nd TD to complete repairs and updates to this 5-unit LA property. The subject property consists of 4-detached structures of 3,334 s.f., 5-unit apartment complex building constructed in 1924 & a non-permitted unit made of a garage conversion. Subject is in the Eagle…
Business owner was seeking a cash-out 2nd TD on this owner occupied SFR in Los Angeles. Proceeds from this loan were to be used to invest back into the borrower’s contract sewing business. First mortgage is a conventional loan. Subject property is a single-story SFR situated on a 7,732 sqft lot in the Glassell Park…
800 credit score business owner, business owner and long-time nurse was seeking a cash-out 2nd TD to pay business expenses for a business that she owns with her husband, Predator Truck Caps. Built in 2005, the subject is a beautiful 2-story home in the La Cresta neighborhood of Murrieta in Riverside County. The home sits…
712 Fico score borrower, Real estate investor and 11-year President & CEO of Howell Real Estate Management was seeking a business purpose purchase loan to purchase this investment property in San Diego. Our subject property is a single-story ground level condominium. The home is 1,294 SF and features 4 rooms with 2 BR and 2…
Real estate investor and experienced Fix and Flipper was seeking a business purpose purchase loan to acquire this investment property in Corona. Borrower plans to rehab the property and then sell. Our subject property is a single-story bungalow style single family residence built in 1940. The home is 600 SF with 4 rooms and 2…
698 fico score borrower was beginning the process of selling her current primary residence in Lake Elsinore to acquire a new permanent residence in Palm Desert which will be her retirement home. To accomplish this move, the borrower needed a 1st TD Bridge Loan for the down payment of her new primary residence. The subject…
Retired military, Sheriff’s Deputy and small business owner was seeking a cash-out 2nd TD to invest back into his business that he co-owns with his wife, Bella Faces Design Studio, LLC. The subject property is located in Menifee, CA in Riverside County. This two-story home sits on a 4,080 sqft lot and comprises 4 bedrooms…
Foreign National real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The subject property is located in Murrieta, CA in Riverside County. The home sits on a…
Self-employed, strong credit score borrower was seeking a business purpose cash out refinance loan to refinance the existing loan on this multi-family property. Borrower has owned the property since 2009. Subject is a 100% occupied property which consists of 3 parcels totaling 23,161 square and is located on a commercial/residential street. The Property is an…
Real Estate investor and business owner was seeking a business purpose cash-out 2nd TD on this owner occupied property to use for property improvement, working capital and marketing for Rancho Remuda, the property owner’s bed & breakfast and horse breeding, training and boarding facility. Once owned by Cary Grant, the subject property was the first…
What are the risks to lending on After Repair Value (ARV)? The After-Repair Value (ARV) estimates the future value of a distressed property after it’s been repaired. ARV is not a property’s current value when purchased but rather the estimated value of the property once improvements are made. ARV is commonly used by fix and…
Real estate investor, long time land owner and CEO of Rightime Enterprice was seeking a business purpose cash-out refi on these 5 parcels of vacant land. Loan proceeds were used to payoff existing 1st & 2nd liens. The cash-out portion of the funds were used to cover current architectural and engineering fees as well as…
Self-employed borrower was seeking a business purpose cash-out loan for this owner occupied property to invest in his appliance delivery business (RI Enterprise) and make repairs to his delivery trucks. Subject property is a two story single family residence located in Hacienda Heights. The home is a 6 BR / 4 BA single family residence…
Real estate investor, business owner and 791 credit score borrower was seeking a business purpose purchase loan to acquire this newly renovated single family residence in Fontana, CA. Our subject property is a newly rehabbed single-story single family residence. The home is 1,138 SF and features 5 rooms with 3 BR and 2 BA and…
Real Estate Investor, business owner and 6-year employee of the US Air Force Reserves was seeking to refinance his existing 1st Trust Deed. The current 1st was a seller carryback and the Note is coming due in June 2018. Our subject property is a single-story duplex situated on 8.68 acres in Anza, CA in Riverside…
Real Estate Investor and 20-year employee of with the same company was seeking a cash-out 1st TD on this non-owner occupied investment property. Our new Mortgage Vintage 1st TD was to payoff an existing 1st & 2nd and the remaining funds were used to make minor upgrades and improvements to the same property. Our subject…