Successful repeat MVI borrower, experienced real estate owner and general contractor sought a $386K rate and term refinance – no cash out – 2nd TD on one newly remodeled SFR rental property in Temecula, Riverside County and another SFR rental property in Pico Rivera, Los Angeles County CA. The purpose of this blanket loan is to…
Successful repeat MVI borrower, 40+ years experienced real estate owner, general contractor and fix & flipper sought a Blanket business purpose cash-out 2nd TD on two SFRs investment properties in Temecula, Riverside County and Pico Rivera, Los Angeles County CA; blanket also includes a 3rd TD on borrower’s primary owner-occupied SFR in Montebello, Los Angeles, CA. All…
Borrower is real estate investor and 30 year experienced developer will be using these loan proceeds to 1) payoff and existing 1st mortgage and 2) for ground up construction to develop a fully entitled and permitted 4-unit condo project in the City of Pico Rivera. Grading is complete and the site is shovel ready which is…