Recently Funded Hard Money Loan – Modesto: $214,500, 1st TD, 65.00% LTV, Lender Rate 10.50%

Business owners and real estate investors sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Modesto, CA in Stanislaus County.  Funds from our loan will be used to payoff an existing 1st as well as for making improvements to the same property. The subject property is 1,220 SF ranch…

Recently Funded Hard Money Loan in Modesto, CA for $1,150,000

Borrowers were seeking this Business Purpose Cash-Out loan to payoff existing conventional loan and use the remaining proceeds to fixup property. Borrowers have owned the subject property since 1987.  Subject is a two bldg. 14,563 s.f., single story retail multi-tenant center located in Modesto. The Property sits on a 42,749 s.f. lot with a 4.7/1,000…