Done Deal! Hard Money Loan in Corona Del Mar: $4,000,000 @ 9.75%, 1st TD, ADU, Cash-Out, Single Family Residence, 37.38%

Brokers, Corona del Mar, Recent Transactions

Successful Mortgage Vintage borrower, CEO and long-time successful business owner (Burger Busters, Inc.), burgerbusters.com,  sought a cash-out business purpose 1st TD on this non-owner occupied property located in the exclusive Cameo Shores neighborhood in Corona Del Mar, CA.  BurgerBusters Inc. currently owns and operates 82 Taco Bell restaurants; including 74 free-standing Taco Bell restaurants, 5 Taco…

Recently Funded Hard Money Loan in Corona Del Mar: $170,000 @ 11.00%, 2nd TD, Cash-Out, Single Family Residence, 65.90% CLTV

Brokers, Corona del Mar, Newport beach, Recent Transactions

Borrowers sought a $170,000 business purpose 2nd Trust Deed loan on this non-owner-occupied single-family residence in Corona Del Mar, Orange County, CA.  The loan proceeds will be used to make some upgrades to the property. The borrower’s 1st mortgage is with 5th Street Capital and has a principal balance of $2,466,199 with a fixed interest…

Recently Funded Hard Money Loan – Laguna Beach and Newport Beach: $550,000, 2nd TD, 62.55% CLTV, 10.25% Lender

Brokers, Corona del Mar, Laguna Beach, Recent Transactions

Real estate investor and self-employed borrower was seeking a blanket loan on an SFR in Laguna Beach and Back Unit Condo in Corona Del Mar. The purpose of the loan was to invest in their psychiatric residential treatment facility in Pacific Beach, CA.  Funds were used for additional working capital to make improvements to the…

Recently Funded Hard Money Loan in Corona Del Mar, CA for $700,000

Brokers, Corona del Mar, Recent Transactions

Corona Del Mar, CA Download Recent Transaction – $700,000 Business Purpose Construction Loan – Corona Del Mar CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $700,000 After Repair Value $3,200,000 Occup Non Owner Occ. Lender Rate 9.50% CLTV on ARV 62.50% Loan Type Business Purpose Cash Out Amortization Interest Only…

Cash-Out Loan Funded – Corona Del Mar, CA

Brokers, Corona del Mar, Orange County, Recent Transactions

Corona Del Mar, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $200,00 AVM Valuation $2.51Mil Occup Non-Owner Occ. Interest Rate 12.50% CLTV on AVM Value 49.00% Loan Type Business Purpose Cash-Out Amortization Interest Only due in 12 mos. Guaranteed Interest 3 months Loan Scenario: Real Estate Investor and owner of a…