Recently Funded Hard Money Loan – Garden Grove: $375,000, 1st TD, 36.44% LTV, 9.00% Lender Rate

Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…

Recently Funded Hard Money Loan – Garden Grove: $30,500, 2nd TD, 70.22% CLTV, 14.00% Lender Rate

Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The two subject properties are in the same complex and are next…