Closed! Hard Money Bridge Loan in Costa Mesa: $120,000 @ 10.50%, 2nd TD, Condo, Cash-Out, 47.58% CLTV

Borrower sought a $120K 2nd Trust Deed bridge loan on this owner-occupied Condominium in Costa Mesa, Orange County, CA. The purpose of this loan is minor remodeling/updating to subject property (paint, carpet, modern fixtures); the property is currently listed for sale at $680k. The borrower’s small $194K 1st TD is a VA loan, 30 year @…

Closed! Construction Loan in Costa Mesa for $2,958,000 1st TD, 58.00% LTV, Lender Rate 8.50%

Experienced real estate investor, developer and existing Mortgage Vintage borrower sought a Blanket 1st TD on these two SFR investment properties in in Costa Mesa, CA.  Funds from our loan will be used to pay-off higher interest rate TD’s on subject properties and provide cash-out to finish construction.  We will be paying off a $2.3…

Recently Funded Hard Money Loan – Costa Mesa: $660,000, 1st TD, 59.19% LTV, 9.00% Lender Rate

757 fico score borrower was beginning the process of selling his current primary residence in Huntington Beach to acquire a new permanent residence in Costa Mesa.  Borrower used loan proceeds to purchase his new residence and will then payoff the loan when he sells his residence in Huntington Beach. The subject property is a single-story…

Cash-Out Loan Funded – Costa Mesa, CA

Costa Mesa, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $100,000 Estimated Value $860,000 Occup Owner Occ. Interest Rate 12.50% CLTV on Est. Value 34.41% Loan Type Business Purpose Cash Out Amortization Interest Only due in 36 mos. Guaranteed Interest 6 months Loan Scenario: 670 Mid FICO Borrower looking for…