Closed! Hard Money Loan in Los Angles for Multi-Family Property: $600,000 @ 13.00%, 2nd TD, Cash-Out, 58.74% CLTV

Very successful real estate investor who is 100% owner of a total of 8 investment properties throughout Los Angeles County sought a 2nd TD business purpose cash out loan on this newly built 13 Unit Apartment Building in Los Angeles, Los Angeles County, CA. The subject property is 100% fully occupied. Borrower purchased the property in…

Closed! Hard Money Loan in Los Angeles: $365,000 @ 12.50%, 2nd TD, Cash-Out, Single Family Residence, 60.00% CLTV

Business owners sought a $365,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Los Angeles, Los Angeles County, CA.  Loan proceeds will be used for Borrower’s business, Powerfade Marketing, LLC (https://powerfademarketing.com).  A Powerfade P&L for 2023 is in the CTD Due Diligence File and shows a company Net Income of $405k.…

Closed! Hard Money Loan in Los Angeles: $780,000 @ 14.75%, 2nd TD, Cash-Out, Single Family Residence, 53.25% CLTV

Successful real estate investor and business owner sought a $990,000 2nd TD business purpose loan on this SFR investment rental property (AirBnB/VRBO) in Hollywood Hills, Los Angeles, CA. The purpose of this loan is to pay off an existing current and in good standing $200,000 2nd TD and the balance of funds will be used for minor…

Done Deal! Hard Money Loan in Los Angeles: $950,000 @ 14.00%, Single Family Residence, Cash-Out, 58.93% CLTV

Successful real estate investor, business owner and repeat MVI borrower sought a $1,000,000 2nd Trust Deed business purpose cash out refinance loan on this owner occupied, SFR estate located in the desirable high-end “Brentwood” neighborhood, bordering Bel Air and Pacific Palisades in Los Angeles, CA. The purpose of this loan is to pay off an existing…

Recent Hard Money Transaction in Los Angeles: $334,640 @ 13.50%, 2nd TD, Duplex, Cash-Out, 59.00% CLTV

Successful Mortgage Vintage borrower and business owner sought a Blanket $334,658 2nd Trust Deed cash-out loan on these three non-owner-occupied duplexes in Los Angeles, Los Angeles County, CA.  The loan proceeds will be used to help the borrower payoff another investment property in his real estate investment portfolio. The three separate 1st mortgages are all with…

Recent Hard Money Transaction in Los Angeles: $110,000 @ 11.50%, 2nd TD, Cash-Out, Duplex, 55.63% CLTV

Business owners sought a small $110K 2nd Trust Deed business purpose loan on this owner-occupied + rental Duplex in Los Angeles, CA.  100% loan proceeds will be used to upgrade and expand borrowers’ landscaping business. The borrower’s 1st mortgage is with Wells Fargo and has a principal balance of $326,707 with a fixed interest rate of…

Done Deal! Hard Money Loan in Los Angeles: $352,000 @ 11.99%, 1st TD, Single Family Residence, Cash-Out, 56.17% CLTV

Successful business owner sought a $352,000 business purpose 2nd Trust Deed loan on this non-owner-occupied investment SFR in the Hollywood Hills of Los Angeles, CA. The borrower lives in Miami, Florida and will use the funds to finish cosmetic upgrades on this home so that he can sell the property in 3-6 months for maximum…

Done Deal! Hard Money ADU Construction Loan in Los Angeles: $435,000 @ 12.25%, Duplex, 64.20% CLTV

Borrower is an Attorney and Partner at AALRR law firm in Pasadena, CA Borrower earns estimated $289K annual income from law practice. Borrower also had approx. $489K liquid assets which include $354K in retirement accounts. Borrower projects $34,800 monthly rental income from this sought after “Mid-Wilshire” location Four-Plex investment property when Two ADUs expansion completed.…

Funded! Hard Money Fix and Flip Loan in Los Angeles: $747,500 @ 11.00%, 1st TD, SFR, Cash-Out, 65.00% LTV

Borrower has personally invested a total of $432K “skin in the game” into subject property; including purchase down payment on property and remodeling expenses paid out of pocket to date. 23 years’ experience borrower with history of borrower’s Fix & Flip remodel successes in Investor Dropbox. Our loan will pay off an existing, current and…

Done Deal! Hard Money Loan in Los Angeles: $200,000 @ 10.50%, 2nd TD, Cash-Out, Multi-Family, 58.70% CLTV

Successful business owner and real estate investor sought a small 200K 2nd Trust Deed business purpose cash out loan on this Fourplex (4 Unit) investment property near the “Beverlywood” neighborhood of Los Angeles, Los Angeles County, CA. The purpose of this loan is to pay off a current and in good standing 100K HELOC and the…

Recently Funded Hard Money Loan in Los Angeles: $1,800,000 @ 7.25%, 1st TD, Cash-Out, Multi-Family, 55.73% LTV

Borrower and successful real estate investor sought a 1st TD cash-out refinance on this 19-unit multi-family property in Los Angeles, CA.  The borrower has multiple real estate investment properties in the Southern California area. They were looking to refinance the existing TD and also take out some cash to do numerous repairs and improvements to…

Recent Transaction in Los Angeles: $1,650,000 @ 7.25%, 1st TD, Cash-Out, Multi-Family, 56.90% LTV

Borrower and successful real estate investor sought a 1st TD cash-out refinance on this 13-unit multi-family property in Los Angeles, CA.  The borrower has multiple real estate investment properties in the Southern California area. They refinanced the existing TD and also took out some cash to do numerous repairs and improvements to the property to…

Recently Funded Hard Money Purchase in Los Angeles: $345,000 @ 9.00% Lender Rate, 1st TD, Duplex, 75.00% CLTV

Group of experienced real estate investors sought a 1st TD loan to purchase this non-owner occupied, Duplex, investment property in Los Angeles, CA.  Borrowers are putting down $115k personal funds “skin in the game” towards the purchase of this investment property. This group of investors have flipped several properties in the greater Los Angeles area…

Closed! Hard Money Loan in Los Angeles: $283,000, 2nd TD, 65.05% CLTV, Condo, 9.00% Lender Rate

Successful business owner sought a business purpose cash-out 2nd TD on this owner-occupied, luxurious high-rise condominium on Wilshire Blvd. in Los Angeles, CA.  Funds from our loan will be used to meet the booming demand for borrower’s government sponsored COVID testing and vaccination program for uninsured individuals. Borrower’s existing 354k 1st TD is current in…

Recently Funded Hard Money Loan in Los Angeles: $690,000 @ 6.00%, 1st TD, Multi-Family, 29.61% LTV, Cash-Out Refi

Successful real investor sought a 1st TD business purpose cash-out refinance loan on this 8 unit, non-owner occupied, apartment building in Los Angeles, Los Angeles County, CA.  Funds from our loan will be used to pay off a small, current $140k 1st TD and the balance of the funds will be used for interior and…

Done Deal! Hard Money Loan in Los Angeles: $330,000 @ 11.00%, 2nd TD, Cash-Out, 60.59% CLTV

Experienced real estate investor and attorney sought a business purpose cash-out 2nd TD on this non-owner occupied SFR rental property in Westwood, Los Angeles County, CA.  The funds from our loan will be used  towards the purchase of two 5 acre investment mining properties in CA and to bring current the existing 1st TD in…

Closed! Fix and Flip in Los Angeles: $360,000 1st TD, 67.29% LTV on Purchase Price, 8.50% Lender Rate

Experienced real estate investor and Licensed General Contractor sought a business purpose 1st TD to purchase and “Fix and Rent” this investment property Triplex in Los Angeles, CA.  Upon the close of escrow the borrower will immediately begin remodeling Triplex then refinance the property into a conventional loan.  The borrower only sought purchase money, he…