Recently Closed Commercial Property Situated in Carlsbad, CA: $300,000 3rd Trust Deed, 60.00% CLTV, 12 Month Term.

Long-time real estate investor and  business owner was seeking a business purpose, cash-out 3rd TD on this Industrial Flex property in Carlsbad, CA.  Funds from our loan were used to help relocate his sports flooring and locker manufacturing business to Ensenada, Mexico where he is building a 25,000 SF factory.  For the past 20 years…

Funded in Carlsbad! “Owner Occupied” Hard Money 2nd TD: $145,500, 69.97% CLTV, Cash-out, 9.50% Lender Rate

Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Carlsbad.  Funds from our loan were used to payoff an existing 2nd and to purchase a nail salon. The subject property is a traditional style SFR located in Carlsbad in San Diego County.  The two-story home is 2,104 SF…

Recently Funded Hard Money in Carlsbad, CA for $51,000

Carlsbad, CA Download recent-transaction-51000-business-purpose-cash-out-carlsbad Property / Loan Information Property Type Residential Townhouse Lien Position 2nd TD Loan Amount $51,000 AVM Value $380,000 Occup Non-Owner Occ. Lender Rate 10.75% CLTV on AVM Value 70.04% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months       Loan Scenario: Analytical Manager/Borrower…