Recently Funded Hard Money Loan – Newport Beach: $430,000, 2nd TD, 65.69% CLTV, Lender Rate: 9.50%

Experienced real estate investor and  business owner sought a cash-out 2nd TD on this non-owner occupied property located in this Balboa Peninsula portion of  Newport Beach, Orange County.  Proceeds from this loan will be used to complete the renovation of the property.  There will be a funds control account established holding $250K. The subject property…

Recently Funded Hard Money Loan – Newport Beach: $1,250,000, 2nd TD, 54% CLTV, 12.00% Lender

Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County.  Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution. The subject is…

Recently Funded Hard Money Loan – Newport Beach: $85,000, 1st TD, 4.25% LTV, 9.00% Lender

Business owner was seeking a very low LTV cash-out 1st TD on this owner occupied Newport Beach SFR.  The proceeds from our Mortgage Vintage loan were used to invest back into the borrower’s psychology practice. The subject is a SFR located in a prime Newport Beach location.  The subject property is 2,123 SF and has…

Recently Funded Hard Money Loan – Newport Beach: $645,000, 1st TD, 26.65% LTV, 8.00% Lender Rate

Long-time building owners and retired business owners were seeking a business purpose cash out 1st TD to refinance the existing conventional 1st and 2nd TDs, payoff other debts and made some improvements to this Newport Beach mixed use property. Subject property is a two story 3,610 s.f. mixed use commercial building. Owner lives on the…

Recently Funded Hard Money Loan in Newport Beach, CA for $900,000

Recent Transaction – $900,000 Business Purpose Cash Out, Newport Beach, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out of this non-owner occupied investment property to invest back into his custom modular tent business, Creative Tent International.  Property is currently owned free and clear.  With projects in more than 60 countries,…

Recently Funded Hard Money Loan in Newport Beach, CA for $60,000

Self-employed borrower was seeking a Business Purpose Cash-Out loan to invest in machine tools and precision measuring devices for their business located in Orange County. Subject is a tri-level condo located in beautiful Newport Beach, California in the Newport Crest community.  The Property measures 1,934 sf of gross living area with 4 bedrooms and 2.5…

Cash-Out Loan Funded – Newport Beach, CA

Newport Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $400,000 Estimated Value $3.8Mil Occup Non-Owner Occ. Interest Rate 11.00% CLTV on Est. Value 50.00% Loan Type Business Purpose Cash Out Amortization Interest Only due in 12 mos. Guaranteed Interest 4 months Loan Scenario: 690 Mid FICO Borrower and Real Estate Investor…