778 FICO borrower and W2 wage earner is seeking a business purpose cash-out 2nd TD which will be used to complete the construction of an ADU in the back of his property. The ADU is fully permitted and the borrower has spent about $33,500 of his own funds on the project thus far. Our loan…
Real estate investor sought a business purpose cash-out 2nd TD on this non-owner occupied SFR in Fontana, CA in San Bernardino County. Funds from our loan will be used to remodel the home and build a new garage. The home has extensive fire damage that was started by a neighbor. Though insurance is covering most…
Real estate investor and long time business owners sought a business purpose cash-out 2nd TD on this non-owner occupied SFRs on one lot in Rancho Cucamonga. Proceeds from our loan will be used to bring in entitlements for what will be the future site of a 17 unit home development. The subject property is a…
Real estate investor, business owner and 791 credit score borrower was seeking a business purpose purchase loan to acquire this newly renovated single family residence in Fontana, CA. Our subject property is a newly rehabbed single-story single family residence. The home is 1,138 SF and features 5 rooms with 3 BR and 2 BA and…
Fontana, CA Download recent-transaction-189000-business-purpose-purchase-loan-funded-fontana-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $189,000 Purch. Price $270,000 Occup Non-Owner Occ. Lender Rate 9.25% LTV on Purch Price 70.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months Loan Scenario: Real Estate Investor who is…