Brief Overview Loan Scenario: Repeat Mortgage Vintage and CrowdTrustDeed borrower, Realtor and Business Owner sought a business purpose cash-out 2nd Trust Deed on his principal residence to further his Real Estate Investment and Property Management business. Borrower is a well-established and very successful Realtor in Lake Elsinore and has est. 20+ single-family rental properties. Borrower…
698 fico score borrower was beginning the process of selling her current primary residence in Lake Elsinore to acquire a new permanent residence in Palm Desert which will be her retirement home. To accomplish this move, the borrower needed a 1st TD Bridge Loan for the down payment of her new primary residence. The subject…
Lake Elsinore, CA Download Recent Transaction – Blanklet Loan Funded – Lake Elsinore, CA Property / Loan Information Property Type Condo, PUD Lien Position 1st TD Loan Amount $175,500 Est. Valuation $280,000 Occup Non-Owner Occ. Lender Rate 9.25% LTV on Est. Value 62.67% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Interest 6 months…