Recently Funded Hard Money Loan – Los Angeles: $115,000, 2nd TD, 50.55%, 10.00% Lender Rate

Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…

Recently Funded Hard Money Loan – Big Bear : $360,000 1st TD, 36.72% LTV, 10.00% Lender Rate

Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…

Recently Funded Hard Money Loan – Los Angeles: $175,000, 2nd TD, 63.38% CLTV, 11.00% Lender

Business owner was seeking a cash-out 2nd TD to invest back into a real estate investment business owned with her husband. Funds from our loan will be used for investing in distressed properties. The subject is a 2 story, 6 BR/3 BA Duplex located in the Boyle Heights neighborhood of Los Angeles. The property measures…

Recently Funded Hard Money Loan – Los Angeles: $564,000, 2nd TD, 58.52% CLTV, 10.50% Lender

Long time business owner was seeking a cash-out 2nd TD on this beautiful Westchester SFR in Los Angeles to payoff an existing 2nd & 3rd and cash-out for his business.  Borrower owns a successful landscape company specializing in design, maintenance and construction:  http://brownlandscapeco.com/.  The loan proceeds from our MVI loan will be invested back into…

Recently Funded Hard Money Loan – Los Angeles: $550,000, 1st TD, 64.71% LTV, 9.00% Lender

The borrower and real estate investor were seeking a new 1st TD to payoff existing mortgage and cash-out for reserves on this Los Angeles multi-unit apartment building. The subject property is a 5-unit apartment building that offers 2 freestanding buildings.  The buildings are 2-stories with good “class D” quality construction. Building measures 4,750 SF and…

Recently Funded Hard Money Loan – Los Angeles: $1,000,000, 1st TD, 10.00% CLTV, 9.25% Lender Rate

Real Estate Investor, General Contractor and Architect was looking for a business purpose cash-out 1st TD to complete plans and develop hillside property into a 78 unit apartment complex in the Baldwin Hills area of Los Angeles. Borrower’s exit strategy was to obtain a Take-Out construction loan to complete development. Subject View Property is a…

Recently Funded Hard Money Loan – Los Angeles: $125,000, 1st TD, 15.15% LTV, 6.75% Lender Rate

Real estate investor and 30-year FedEx employee was seeking a cash-out 1st TD on this LA non-owner occupied investment property to make improvements and updates to the same property. Property is a 2-story, 3 bedroom / 1.5 bath SFR located in Leimert Park neighborhood of Los Angeles. The property measures 1,671 sf of gross living…

Recently Funded Hard Money Loan – Los Angeles: $50,000, 2nd TD, 60.53% CLTV, 13.99% Lender Rate

Borrower and real estate investor was seeking a cash-out 2nd TD to make home improvements to the subject property. The subject property is located in the Avalon Gardens neighborhood of Los Angeles. The single-story home sits on a 5,030 sqft lot and comprises 3 bedrooms and 1 bath with 898 sqft.  The property is conveniently…

Recently Funded Hard Money Loan – Los Angeles: $150,000, 1st TD, 21.13% LTV, 7.00% Lender

808 credit score real estate investor and long-time business owner was seeking a cash-out 1st TD.  Loan proceeds from our Mortgage Vintage loan were used to purchase another investment property. The property is tri-plex located in the Jefferson Park neighborhood of Los Angeles.  Property measures 2,490 sf of gross living area and is situated on…

Recently Funded Hard Money Loan in Los Angeles for $1,020,000.00

Self-employed, strong credit score borrower was seeking a business purpose cash out refinance loan to refinance the existing loan on this multi-family property.  Borrower has owned the property since 2009. Subject is a 100% occupied property which consists of 3 parcels totaling 23,161 square and is located on a commercial/residential street. The Property is an…

Recently Funded Hard Money Loan in Los Angeles, CA For $425,100.00

Real estate investor and self-employed borrower was seeking a business purpose cash-out refinance to payoff existing 1st TD and make improvements to the property. Subject is a 2-story, 4-unit multi-family property located in Los Angeles.  Property measures 2,810 sf of gross living area, and is situated on a 4,996 sqft lot. Property consists of two…

Recently Funded Hard Money Loan in Los Angeles, CA for $256,750

Recent Transaction – $256,750 Business Purpose Cash Out in Los Angeles Borrower was seeking a Business Purpose Cash-Out Refi to refinance the existing first TD and make improvements to this non-owner occupied property.  Borrower and co-borrower are both employed with steady work histories having been at their jobs for over 10 years, respectively. Subject property…

Recently Funded Hard Money Loan in Los Angeles, CA for $600,000

Long time homeowner and Self-employed Borrower was seeking a business purpose cash out loan to invest in borrower’s business.Subject is a split-level 4 bdrm/3.0 ba Single Family Residence located in the desirable Hollywood Hills area just above Sunset Strip. Property is upgraded throughout, with a terraced backyard and several patio areas, swimming pool/spa, and fountains.…

Recently Funded Hard Money Loan in Los Angeles for $680,000

Los Angeles, CA Download Recent Transaction $680,000 Business Purpose Cash Out, Los Angeles, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $680,000 Broker Price Opin. $1,500,000 Occup Non-Owner Occ. Lender Rate 7.75% LTV on BPO 45.33% Loan Type  Consumer Purp.  Cash-Out Amortization Interest Only Due in 6 mos. Guaranteed Int.…

Recently Funded Hard Money Loan in Los Angeles, $250,000

Los Angeles, CA Download Recent Transaction – $250,000 Business Purpose Cash-Out, Los Angeles CA Property / Loan Information Property Type Single Family Residence Lien Position 3rd TD Loan Amount $250,000 Appraised Value $1,650,000 Occup Non Owner Occ. Lender Rate 12.00% CLTV on Appraisal 53.33% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed…

Recently Funded Hard Money Loan in Los Angeles, CA for $120,000

Huntington Beach, CA Download Recent Transaction – $120,000 Business Purpose Cash-Out, Los Angeles CA Property / Loan Information Property Type Tri-Plez Lien Position 1st TD Loan Amount $120,000 Broker Price Opinion $355,000 Occup non-Owner Occ. Lender Rate 8.00% LTV on BPO 33.803% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 3 months…

Recently Funded Hard Money Loan in Los Angeles for $269,750

Los Angeles, CA Download recent-transaction-269750-business-purpose-cash-out-loan-funded-los-angeles-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $269,750 BPO Value $415,000 Occup Non-Owner Occ. Lender Rate 9.50% LTV on BPO Value 65.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months       Loan Scenario: Self-Employed Borrower who owns…

Recently Funded Hard Money Loan in Van Nuys for $150,000

Van Nuys, CA                   Download recent-transaction-2nd-business-purpose-cash-out-loan-funded-van-nuys-ca Property / Loan Information Property Type SF Condo Lien Position  2nd TD Loan Amount $150,000 BPO Value $569,900 Occup Owner Lender Rate 10.50% CLTV 45.27% Loan Type Business Purpose Cash-Out Amortization Interest Only Due 60 mos. Guaranteed Int. 6 months  …

Recently Funded Hard Money Loan in Simi Valley for $65,000

  Simi Valley, CA         recent-transaction-2nd-td-investment-property-cash-out-loan-funded-simi-valley-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $65,000 BPO Value $540,000 Occup. Non-Owner Lender Rate 9.50% LTV on BPO             12.04% Loan Type Investment Prop. Cash-Out Amortization Interest Only Due in 6/2017 (Balloon) Gtd. Interest  …