Closed! Commercial Hard Money Loan in Long Beach: $1,725,000 @ 12.00%, 1st TD, Cash-Out, 63.89% LTV

Successful business owner and real estate investor sought a 1st Trust Deed to refinance an existing, current and in good standing $1.1M 1st TD and 100% balance of the funds will be placed into Funds Control to complete permanent renovation property improvements on this commercial-industrial building in Long Beach, Los Angeles, CA. Borrower’s total personal “skin in…

Closed! Hard Money Loan in Long Beach: $370,000 @ 7.00%, 1st TD, Multi-Family, Cash-Out, 37.00% LTV

Real estate investor, business owner and successful Mortgage Vintage borrower sought a new business purpose cash-out 1st TD refi on this non-owner occupied 3-unit multi-family property in Long Beach in LA County.  The borrowers $210k 1st TD that this loan is paying off is current and has performed perfectly.  Funds from our loan will be…

Recent Transaction in Long Beach: $210,000 1st TD, Cash-Out, 6.75% Lender Rate, Multi-Family, 22.58% LTV

Real estate investor business owner and current Mortgage Vintage borrower sought a new business purpose cash-out 1st TD on this non-owner occupied 3-unit multi-family property in Long Beach in LA County.  The borrowers current $100k loan that this loan is paying off is current and has performed perfectly.  Funds from our loan will be used…

Cash-Out Loan Funded – Long Beach, CA

Long Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $250,000 BPO Value $440,000 Occup Non-Owner Occ. Interest Rate 10.99% LTV on BPO Value 56.82% Loan Type Business Purpose Cash Out Amortization Interest Only due in 12 mos. Guaranteed Interest 6 months Loan Scenario: 730 Mid FICO Real Estate Investor and…

Cash-Out Refinance Loan Funded – Long Beach

Long Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $50,000 Est. Valuation $350,000 Occup Owner Occ. Note Rate 13.50% CLTV on Est. Valuation 55.26% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Owner-Occupant looking for cash-out…