Closed! Hard Money Loan in Coronado: $365,000 @ 12.50%, 2nd TD, Condo, Cash-Out, 65.00% CLTV

Brokers, Coronado, Recent TransactionsLeave a comment

Successful business owner sought a business purpose cash-out 2nd TD on this owner occupied condo in Coronado, San Diego, CA. Proceeds from our loan will be used for capital infusion and expansion into his FinTech lending business, CrediFai. Exit strategy is a consolidation refinance in the next 12-18 months. The subject is located in the…

Recently Funded Hard Money Loan in Coronado: $378,750 @ 14.00%, 2nd TD, Cash-Out, Single Family Residence, 65.00% CLTV

Brokers, Coronado, Recent Transactions

Business owners sought a short term $378,750 business purpose 2nd Trust Deed loan on this non owner-occupied single-family residence in Coronado, San Diego County, CA.  Loan proceeds will be used for borrower’s business, Buffalo Ventures, which is a Venture Capital firm also based out of Coronado. The home has been used as a luxury short…