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Category Archives: Palmdale

Closed! Hard Money Loan in Palmdale: $75,000 @ 12.00%

Brokers, Palmdale, Recent TransactionsBy Sandy MVNovember 9, 2023

Borrower sought a small $75K 2nd Trust Deed business purpose loan on this SFR, non owner-occupied investment property in Palmdale, Los Angeles, CA.  The SFR is currently listed for sale. Funds from this loan will be used on modernized fixtures and landscaping to draw in higher offers. Exit Strategy: Sale of Property. The borrower’s 1st mortgage…

Recently Funded Hard Money ADU Loan in Palmdale: $234,750

Brokers, Palmdale, Recent TransactionsBy Sandy MVOctober 18, 2022

Borrowers sought a business purpose cash-out 2nd TD which will be used to build an ADU in the back of the property. The current 1st TD is conventional 30 year fixed with Wells Fargo, has a $178,000 balance, a 3.25% rate, and is in good standing. The subject property is a traditional 2,149 SF home…

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