Closed! Hard Money Loan in Rancho Santa Fe and Carlsbad: $1,330,000 @ 13.50%, 2nd, Cash-Out, SFR, 55.38% CLTV

CEO/Founder of Sterogene Bioseparations, Inc. https://sterogene.com/company/ a biotech-pharmaceutical company and real estate owner sought a business purpose cash out loan on an owner-occupied SFR in Rancho Santa Fe and an investment rental condominium in Carlsbad, both in San Diego County. The purpose of this blanket loan is to pay off borrowers current and in good…

Done Deal! Hard Money Loan in Rancho Santa Fe: $2,500,000 @ 14.50%

Long-time successful CEO business owners and real estate investors sought a 2nd TD on this non-owner-occupied, fully renovated modern ranch styled SFR property. Borrowers residents of exclusive private beach community, “Three Arch Bay” Laguna Beach, bought subject property to renovate and sell for profit. Subject property is a single story SFR with 4,792 SF living…