Recent Transaction in Lancaster: $195,000, 1st TD, Cash-Out, 65.00% LTV, SFR, 10.00% Lender Rate

Co-Borrower and long time Real Estate Investor and business owner is co-signing with Borrower who sought a Business Purpose Cash-Out Refinance on this Owner Occupied SFR to payoff an existing matured business purpose 1st position loan.  Any excess loan proceeds will be used to make repairs to the property.  Borrower had good payment record on…

Recent Funding in Lancaster, CA: $143,000 1st TD @ 9.50%, 65.00% LTV, SFR, NOO, 24 Mos. Term.

Real estate investor and full-time wage earner employee sought a cash-out 1st TD on this Lancaster SFR in LA County.  Funds from our loan were used to payoff a 1st & 2nd TD as well as cash-out to make minor updates to the same property. The subject property was a traditional style single story SFR…

Recently Funded Hard Money Loan – Lancaster: $1,000,000, 1st, LTV: 40.82%, Lender Rate: 12.00%

723 credit score borrower, real estate investor and business owner sought a 1st TD to purchase this commercial property in Lancaster, CA in Los Angeles County.  Property is currently rented to a long-time tenant since May 1, 2008.  Tenant signed a new 10-year NNN lease that began on May 1, 2016 and runs thru April…

Recently Funded Hard Money Loan – Lancaster: $127,000, 1st TD, 60.48% LTV, 10.00% Lender

Business owner and real estate investor was seeking a cash out 1st TD on this LA County industrial property to make improvements to the same property.  The property owner owns and operates a sand-blasting company on the same premises and has been in business since 2007. Subject property is a single story 2,400 SF industrial…

Recently Funded Hard Money Loan in Lancaster, CA for $152,750

Recent Transaction – $152,750 Business Purpose Cash Out, Lancaster CA Real Estate investor borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to two investment properties and bring property taxes current. Subject property is a single-story, single family residence located in Lancaster, CA.  The Property is a traditional style 3 bdrm/2 bath home…