1. Loan Purpose: Borrower and real estate investor sought a business-purpose cash-out loan secured by a 2nd Trust Deed on this owner-occupied residence in Laguna Beach, CA. Proceeds from this loan will be used for the Borrower to complete improvements on an investment property in Bishop, CA to prepare it for sale. The existing 1st…
Borrowers sought a business purpose 2nd Trust Deed on this fully remodeled, ocean-front, owner-occupied condominium in the private community of “Laguna Lido” in Laguna Beach near popular Thousand Steps and Table Rock beaches. The purpose of this loan is to pay off an existing $484K 2nd TD in good standing and the balance will be…
Borrower sought a 2nd Trust Deed on this Ocean-View Beach Cottage investment SFR located in Laguna Beach, Orange County, CA. The purpose of this loan is to invest in borrowers’ merchant payment processing business. Borrowers’ small 1st mortgage is current with a principal balance of $144,427, a fixed interest rate of 4.75%, P&I payment of…
12/04/23: Investor Minimum Reduced to $23,750 Loan Amount Reduced and CLTV lowered to 44.60% and Net CLTV 43.27% @ a 12.50% Investor Rate Borrower sought a $475K 2nd Trust Deed business purpose cash out loan on this owner occupied SFR property in desirable panoramic ocean view “Arch Beach Heights” neighborhood of Laguna Beach, Orange County, CA. …
Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out & refinance 2nd TD on this Ocean View SFR non-owner occupied short term rental property in Laguna Beach, Orange County, CA. The subject property has a front unit and the main Ocean Facing SFR. Recent legislation allows borrower…
Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out 2nd TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to support this investment property’s overhead while borrower obtains a conventional loan to to…
Experienced real estate investor and local Laguna Beach Realtor sought a cash-out refinance 1st TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to payoff existing 1st and 2nd liens, additional small amount of cash-out will be used to make minor…
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…
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…
Real estate investor, business owner and 765 FICO score borrower was seeking a cash-out 2nd TD on this owner occupied Laguna Beach property to invest back into his wireless telecom business, Saturn Holdings Limited, a Cambodian based company. The subject property is a single-story, SFR sitting on a 5,000 sqft lot in a prime Laguna…