Done Deal! Hard Money Loan in Monrovia: $270,000 1st TD, 31.03% LTV, Cash-Out, 7.00% Lender Rate

Borrower sought a 1st TD refinance loan on this non-owner occupied SFR investment property in Monrovia, Los Angeles County, CA. Funds from our loan will be used to pay off an existing reverse mortgage (227k). Borrower’s father owned this subject property. Father recently passed away and borrower inherited this subject property.  The subject property is…

Recently Funded Hard Money Loan – Monrovia: $150,000, 2nd TD, 56.00% CLTV, 10.25% Lender Rate

Long-time business owners were seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Monrovia in LA County. Proceeds from our loan will be used to help open a new location of the borrower’s restaurant business, Puebla Tacos. The subject property is a single level traditional style home sitting on a 6,888…