Closed! Hard Money Loan in Huntington Beach: $300,000 @ 11.50%, 2nd TD, Cash-Out, SFR, 63.41%CLTV

Successful business owner is seeking a cash-out 2nd TD on this owner occupied SFR in Orange County.  Proceeds from this loan will be invested into expanding the borrower’s company (Iconic Coatings Company – https://iconiccoatingscompany.com/home). Our subject property is a beautiful two-story SFR located in Huntington Beach and sits on a 7,440 sqft lot.  The subject was built…

Recent Transaction in Huntington Beach: $125,000 @ 10.50%, 2nd TD, Cash-Out, SFR, 47.98% CLTV

Borrowers sought a small 125K 2nd Trust Deed business purpose cash out loan on this owner-occupied SFR in Huntington Beach, Orange County, CA. Loan proceeds will be used to finance expanding sales and marketing activities for borrowers’ wholesale building products business that services local small to medium sized developers. The borrowers $498K 1st TD is a…

Recently Funded Hard Money Blanket Loan in Huntington Beach and Buena Park: $710,160 @ 9.50%, 1st TD, Condo and SFR, Purchase of Subject + Refi on Cross, 65.00% LTV on Subject, 61.78% on Cross

Experienced real estate investors sought a 1st TD Business Purpose Purchase + Rehab for a Fix & Flip in Huntington Beach, Orange County.  This transaction will be cross-collateralized with a 1st TD Cash-Out refinance on the Borrower’s primary residence in Buena Park, Orange County. The funds from our loan will be used to purchase the…

Recently Funded Hard Money Loan in Huntington Beach, CA for $450,000

Huntington Beach, CA Download Recent Transaction – $450,000.00 Business Purpose Purchase – Huntington Beach, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $450,000 Broker Price Opinion $850,000 Occup Non-Owner Occ. Lender Rate 7.75% LTV on BPO 52.94% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 24 mos.…

Recently Funded Hard Money Loan in Huntington Beach, CA for $108,000

Huntington Beach, CA Download Recent Transaction – $108,000 Business Purpose Cash-Out, Huntington Beach CA Property / Loan Information Property Type 4 Unit Multi-Family Lien Position 2nd TD Loan Amount $108,000 Broker Price Opinion $1.62Mil Occup Owner Occ. Lender Rate 9.00% CLTV on BPO 9.32% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 60 mos. Guaranteed…

Recent Transaction in Huntington Beach – Business Purpose 2nd Cash-Out

Huntington Beach, CA   Download Recent Transaction – Business Purpose 2nd TD Cash-Out Loan Funded – Huntington Beach, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $185,000 AVM Value $799,000 Occup Non-Owner Occ. Lender Rate 11.00% LTV on AVM Value 53.27% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 12 months Guaranteed…

Recent Transaction in Huntington Beach – Business Purpose Purchase

Huntington Beach, CA Download Recent Transaction – Business Purpose Purchase – Huntington Beach CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $235,500 Appraised Value $785,000 Occup Non-Owner Occ. Interest Rate 9.00% LTV on AppraisedValue 30.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in12 months Guaranteed Interest 6 months  …