Recently Funded Hard Money Loan in Escondido: $85,000 @ 8.50%, 1st TD, Cash-Out, SFR & Land, 10.63% LTV

Borrowers sought a 1st Trust Deed to complete final minor construction on this SFR investment Non Owner Occupied property in Escondido, San Diego County, CA.  100% funds from this loan will go into Funds Control to lay concrete for driveway, finalize 433A Permanent install septic and certificate of occupancy. Borrowers have invested 445K personal “skin…

Recently Funded Hard Money Blanket Loan in Escondido: $110,000 @ 10.00%, 2nd TD, SFR, Cash-Out, CLTV 62.67%

Current borrower sought a 2nd TD Blanket Cash-Out on their subject SFR properties which are being used by the Non-Profit, “Circle of Friends” to house court placed abused minors.  The borrower is on the Board of the Non-Profit, “Circle of Friends” and together they have been operating in these two properties for over 15 years.…