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…