Recently Funded! Hard Money Loan in Orange: $150,000 @11.00%, 2nd TD, Cash-Out, SFR,58.38% CLTV

Brokers, Orange, Recent TransactionsLeave a comment

Loan Purpose The borrower sought a business-purpose cash-out loan secured by a non-owner occupied single-family residence. Proceeds from the new second trust deed is intended to support the development of an Accessory Dwelling Unit (ADU) on the property. Based on the valuation commentary, the property’s lot configuration and surrounding rental demand—particularly from nearby Chapman University—support…

Recently Funded Hard Money Loan – Orange: $132,500, 2nd TD, 65.00% CLTV, 10.50% Lender Rate

Brokers, Orange, Recent Transactions

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this mixed-used property in Orange, CA.  Funds were used as working capital for borrower’s construction company, which is operated out of the SFR of the subject. The subject is a mixed use property with SFR and commercial buildings.  The subject property…