Recently Funded Hard Money Loan in Newport Coast: $810,000 @ 10.50%, 2nd TD, Cash-Out, SFR, 65.56% CLTV

Business owner sought a business purpose cash-out 2nd TD of this owner occupied SFR in Orange County.  Proceeds from this loan will be invested into the borrower’s interior design business. Our subject property is a beautiful two-story SFR located in Newport Coast and sits on a 11,151 sqft lot.  The subject was built in 2001 and…

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 Coast: $262,500, 2nd TD, 65.00% CLTV, 11.00% Lender

Real estate investor and long time Southern California real estate agent was seeking a cash-out 2nd TD on this owner occupied property in Newport Coast, Orange County.  Proceeds from this loan were used to help purchase another real estate investment property. The subject property is a very private Mediterranean style SFR that sits on a…