Business owner, experienced licensed General Contractor of https://www.floresconstructioninc.com/ sought a business purpose cash-out 2nd TD on this owner-occupied SFR in the “Lake Matthews” neighborhood of Perris, Riverside County, CA. Proceeds from this loan will be used to complete a fix and flip SFR rehab property borrower owns in Yucaipa, CA. Exit strategy: sale of fix and…
Successful Mortgage Vintage Borrower, business owner, and real estate investor (Fairbrook Communities, LLC) sought a Blanket 1st Trust Deed loan to pay off an existing 1st Trust Deed and provide capital to finish entitlements for two well-located sites of undeveloped land in Perris in Riverside County. The multi-family development entitlements for both properties should be…
Borrowers/realtor sought a 1st TD business purpose cash out loan to remodel this “free and clear”, non-owner-occupied investment SFR property in Perris, Riverside County, CA. Funds will be placed into Funds Control to fully remodel this SFR; project managed by a licensed General Contractor. Exit strategy: conventional refinance once complete. The subject property is a single…
Successful Mortgage Vintage Borrower, business owner, and real estate investor (Fairbrook Communities, LLC) is seeking a Blanket 1st Trust Deed to purchase two well located lots of undeveloped land in Perris and Menifee in Riverside County. The multi-family development entitlements for both properties should be coming within the next 60 days. The borrower tied up…
Experienced real estate investor sought a business purpose 2nd TD cash-out on this ranch rental investment property in Perris, CA. Borrower’s current $7.25M combined market value investment property portfolio with only $2.50M in combined mortgage debt is documented in their Schedule of Real Estate located in investor dropbox file. Funds from our loan proceeds will…
Successful Mortgage Vintage borrower and real estate investor sought a business purpose 2nd TD to cash-out to be used to complete the construction of an ADU unit being built over a 2 car garage on the lot of an existing investment property. The subject property is on a large 41,382 (.95 acre) lot. Currently there…
Experienced real estate investors sought a 1st TD loan to purchase these non-owner occupied 7 vacant land lots in Perris, Riverside County, CA. Borrowers intend to hold on to properties which are zoned for rural residential and build SFRs on each in the future or sell vacant lands as they increase in value. Borrowers are…
Previous successful Mortgage Vintage borrower and real estate investor/General Contractor builders sought a business purpose construction loan 1st TD on this Perris, CA lot that was purchased in May, 2018. Borrowers successfully acquired permits and entitlements to build this SFR. Funds from our loan are being used to payoff an existing seller carry back lien…
Real Estate Investor and Rehabber was looking for a business purpose cash-out to payoff current maturing 1st TD. Subject Property is a Single Family Manufactured Home built in 1998 with 3 bedrooms, 2 full baths and 1,512 square feet of living space. Manufactured Home has permanent foundation permit (Form 433A) and is sitting on a…
Perris, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Perris, CA Property / Loan Information Property Type Residential Mfg. Home Lien Position 1st TD Loan Amount $130,500 BPO Value $225,000 Occup Non-Owner Occ. Lender Rate 9.50% LTV on BPO Value 58.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int.…
Perris, CA Download Recent Transaction – $150k Construction Loan Funded – Perris CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $150,000 ARV Value $255,000 Occup Non-Owner Occ. Lender Rate 11.00% LTV on ARV Value 58.82% Loan Type Cash-Out Construction Loan Amortization Interest Only Due in 2 years Guaranteed Interest 6 months …
Perris, CA Download Recent Transaction – Construction Loan Funded – $95k Perris CA Property / Loan Information Property Type Vacant Land Lien Position 1st TD Loan Amount $95,000 Estimated Value $220,000 Occup Non-Owner Occ. Lender Rate 10.00% LTV on Est. Value 43.18% Loan Type Cash-Out Construction Loan Amortization Interest Only Due in 2 years Guaranteed Interest 6 months …