COMPLETED! HARD MONEY LOAN IN HACIENDA HEIGHTS: $220,000 @12.50%, 2nd, Cash-Out, SFR, 29.31% CLTV

Borrowers, Brokers, Hacienda Heights, Investors, Recent TransactionsLeave a comment

Loan Purpose Mortgage Vintage successfully funded a $220,000 business-purpose cash-out loan secured by a second trust deed on a single-family residence in Hacienda Heights, California. The borrower utilized the loan proceeds for business-purpose investment activities. The loan was structured as business-purpose financing and was fully collateralized by the subject property, providing liquidity for the borrower’s…

Closed! Hard Money Loan in Hacienda Heights & San Dimas: $900,000 @8.50%, 1st TD, SFR, 40.72% CLTV

Brokers, Hacienda Heights, Recent Transactions, San Dimas

Executive Summary: Borrowers sought a 1st TD purchase bridge loan secured by two owner-occupied single-family residences located in Hacienda Heights and San Dimas, Los Angeles County, California. Both properties are recently upgraded and located in nice, suburban residential neighborhoods. The borrowers are leveraging the equity in their “free and clear” Hacienda Heights residence to purchase…