Recently Funded Hard Money Loan – Laguna Beach and Newport Beach: $550,000, 2nd TD, 62.55% CLTV, 10.25% Lender

Real estate investor and self-employed borrower was seeking a blanket loan on an SFR in Laguna Beach and Back Unit Condo in Corona Del Mar. The purpose of the loan was to invest in their psychiatric residential treatment facility in Pacific Beach, CA.  Funds were used for additional working capital to make improvements to the…

Recently Funded Hard Money Loan – Laguna Beach: $250,000, 2nd TD, 55.65% CLTV, 9.00% Lender Rate

732 fico score borrower, real estate investor and long-time business owner was seeking a cash-out 2nd TD on this beautiful new Laguna Beach property.  Proceeds from this loan were used for ongoing marketing expenses for this same property. Our subject property is a beautiful stunning SFR situated on a corner lot in Laguna Beach.  The…