Recent Transaction in Malibu: $4,000,000 1TD, 20.00% LTV, Cash-Out, 8.00% Lender Rate

Successful business owners sought a business purpose cash-out 1st TD on this “free & clear”, owner-occupied, SFR in Malibu, CA. The funds from our loan are being used to expand borrowers current business Greenrock Life Group, LLC. This company provides a life settlement marketplace to individual investors. The subject property has been in the family…

Recently Funded Hard Money Loan in Malibu for $400,000

Malibu, CA Download recent-transaction-400000-business-purpose-cash-out-loan-funded-malibu-ca Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $400,000 BPO Value $1.8Mil Occup Non-Owner Occ. Lender Rate 8.00% LTV on BPO Value 22.22% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 6 months       Loan Scenario: 617 FICO Borrower/Retired Camarillo, CA,…