The borrower obtained a business-purpose, non-owner-occupied loan secured by the subject property to provide funds for a separate real estate development project in Los Gatos, CA. The borrower is a General Partner in a Residential Development Real Estate Fund focusing on SFR development in the Bay Area. Proceeds from the new 2nd Trust Deed are structured as a cash-out…
Brief Overview Loan Summary: Borrower and business owner sought a $350,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Corona Del Mar, Orange County, CA. The loan proceeds will be used for working capital in borrower’s financial services company. Property Description: The subject property is a well-maintained single-family residence located in…
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…
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…
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…
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…
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…
Corona Del Mar, CA – Funding Now Download Full Summary – Corona Del Mar, CA Property / Loan Information Property Type SFR Lien Position 2nd Trust Deed Trust Deed Amount $200,000 AVM Value $2.51Mil Amortization and Term Interest Only due in 12 mos. LTV on AVM Value 48.00% Loan Type Business Purpose Cash-Out Occupancy Non-Owner Occupied…