Recent Hard Money Commercial Transaction in Cathedral City: $2,156,050 @ 12.00%, 1st TD, Cash-Out, 53.50% LTV

Brokers, Cathedral City, Recent Transactions

High net worth borrower to support ability to pay this loan. Personal Guarantee on Loan. Exit: refinance before maturity date of loan. Liquidating cash on this free and clear – no debt – commercial property to purchase additional real estate in area. Very successful borrower who is the Owner and Founder of “Vista Paint” https://www.vistapaint.com/…

Recently Funded Hard Money Loan in Cathedral City: $357,000, 1st TD @ 7.00%, Purchase, 50.37% LTV

Brokers, Cathedral City, Recent Transactions, Uncategorized

Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied SFR investment property in Cathedral City, Riverside County, CA.  Borrower is putting down $340k of their own money towards this Purchase. Borrower owns four other investment properties in the area. Subject property is in a gated community, great condition and ready…