Recently Funded! Hard Money Loan in Santa Ana: $492,700 @ 9.50%, 1st TD, Cash-Out, 2-4 Units, 63.21% CLTV
Loan Overview: An experienced Mortgage Vintage borrower—an entrepreneur and seasoned real estate investor—sought a first Trust Deed, cash-out loan secured by a recently acquired single-family residence in Santa Ana, CA. The borrower, Premium Home Services, Inc., will use the loan proceeds to complete a full property renovation and construct two ADU’s (Accessory Dwelling Units), maximizing the property’s value before sale. Loan Purpose: The property…