Recently Funded Hard Money Loan – Los Angeles: $550,000, 1st TD, 64.71% LTV, 9.00% Lender

The borrower and real estate investor were seeking a new 1st TD to payoff existing mortgage and cash-out for reserves on this Los Angeles multi-unit apartment building. The subject property is a 5-unit apartment building that offers 2 freestanding buildings.  The buildings are 2-stories with good “class D” quality construction. Building measures 4,750 SF and…

Recently Funded Hard Money Loan- Hawthorne: $165,000, 2nd TD, 65.03% CLTV, 10.50% Lender

Borrower and real estate investor were seeking a 2nd TD to make improvements to the subject property which will allowed the borrower to increase the monthly rental income on the property.  The exit strategy by the borrower is refinance with a conventional loan. The subject property is ranch style 4-unit residence in Hawthorne located in…

Recently Funded Hard Money Loan – Torrance: $750,000, 1st TD, 52.48% LTV, 9.00% Lender

Successful business owner was seeking a cash-out 1st TD on this owner occupied single family residence the Hollywood Riveria section of Torrance, CA.  Proceeds from this loan were to be used to payoff an existing 1st with the excess going towards his business  Motor Sports Classics.  Borrower had business for over 10 years. The subject…

Recently Funded Hard Money Loan – San Pedro: $260,000, 1st TD, 37.14% LTV, 9.00% Lender

Borrowers were seeking a cash-out 1st TD Bridge Loan on their current primary residence in San Pedro in Los Angeles County.  The funds from this Bridge Loan were to payoff an existing 1st TD and help to fund the purchase of their new out-of-state primary residence.  Borrower plans to sell this San Pedro property within…

Recently Funded Hard Money Loan – Simi Valley: $60,000, 2nd TD, 62.90% CLTV, 10.50% Lender

Real estate investor and 19-year computer technician employee with the same company was seeking a cash-out 2nd TD to invest back into this non-owner occupied Simi Valley SFR in Ventura County. The subject property is a 3,163 sf contemporary designed SFR that sits on a large 10,454 SF corner lot.  The property consists of 8…

Recently Funded Hard Money Loan – Downey: $607,750, 1st TD, 65.00% LTV, 9.75% Lender

Borrower, real estate investor and long-time business owner was seeking a 1st TD to purchase this industrial condo corner unit in the City of Downey in Los Angeles County. The subject building is configured to house a single user and offers 3,992 SF interior space (1,600 SF of office space) which includes entry/lobby, 3 offices,…

Recently Funded Hard Money Loan – Laguna Beach and Newport Beach: $550,000, 2nd TD, 62.55% CLTV, 10.25% Lender

Real estate investor and self-employed borrower was seeking a blanket loan on an SFR in Laguna Beach and Back Unit Condo in Corona Del Mar. The purpose of the loan was to invest in their psychiatric residential treatment facility in Pacific Beach, CA.  Funds were used for additional working capital to make improvements to the…

Recently Funded Hard Money Loan – Pipes Canyon: $300,000, 1st TD, 46.15% LTV, 11.50% Lender

Borrower and long-time business owner, architect and designer was seeking a cash-out 1st TD loan to rehab this SFR in Pipes, CA in San Bernardino County near historic Pioneertown.  At completion, the subject will be a signature “Case Study” mid-century modern home designed by the borrower. Subject will consist of 5 total rooms and 2BR/2.5BA. …

Recently Funded Hard Money Loan – Newport Coast: $262,500, 2nd TD, 65.00% CLTV, 11.00% Lender

Real estate investor and long time Southern California real estate agent was seeking a cash-out 2nd TD on this owner occupied property in Newport Coast, Orange County.  Proceeds from this loan were used to help purchase another real estate investment property. The subject property is a very private Mediterranean style SFR that sits on a…

Recently Funded Hard Money Loan – Newport Beach: $85,000, 1st TD, 4.25% LTV, 9.00% Lender

Business owner was seeking a very low LTV cash-out 1st TD on this owner occupied Newport Beach SFR.  The proceeds from our Mortgage Vintage loan were used to invest back into the borrower’s psychology practice. The subject is a SFR located in a prime Newport Beach location.  The subject property is 2,123 SF and has…

Recently Funded Hard Money Loan – Shingle Springs: $540,000, 1st TD, 60.00% LTV, 10.25% Lender

20-year employee of the State of California as a Civil Engineer and Infrastructure Project Manager was seeking a 1st TD to complete the ground-up construction of this SFR in Shingle Springs, CA in El Dorado County. When completed, the subject property will be a 2,808 SF ranch home sitting on 21 completely fenced acres.  This…

Recently Funded Hard Money Loan – Lancaster: $127,000, 1st TD, 60.48% LTV, 10.00% Lender

Business owner and real estate investor was seeking a cash out 1st TD on this LA County industrial property to make improvements to the same property.  The property owner owns and operates a sand-blasting company on the same premises and has been in business since 2007. Subject property is a single story 2,400 SF industrial…

Recently Funded Hard Money Loan – Stockton: $277,500,1st TD, 75.00% LTV, 9.75% Lender Rate

Real Estate Broker, successful real estate investor and U.S Passport holding borrower was seeking a 1st TD to purchase this Stockton, CA SFR investment property.  Borrower plans to purchase this property and hold for the long-term. The subject is contemporary style 2,533 sf SFR that sits on a large 7,784 sf lot.  The subject property …

Recently Funded Hard Money Loan – San Diego: $500,000, 1st TD, 68.97% LTV, 10.00% Lender Rate

Real estate investor was seeking a cash-out 1st TD on this free-and-clear San Diego investment property.  The borrower inherited this property from his mom and intends to remodel the home, and, in turn, garner maximum rental income via Airbnb.com. Currently the subject is a single-story SFR with 1,350 SF of living space and 7 total…

Recently Funded Hard Money Loan – Orange: $132,500, 2nd TD, 65.00% CLTV, 10.50% Lender Rate

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this mixed-used property in Orange, CA.  Funds were used as working capital for borrower’s construction company, which is operated out of the SFR of the subject. The subject is a mixed use property with SFR and commercial buildings.  The subject property…

Recently Funded Hard Money Loan – Perris: $130,000, 1st TD, 44.07% LTV, 8.00% Lender Rate

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…

Recently Funded Hard Money Loan – Bell Gardens: $75,000, 2nd TD, 69.23% CLTV, 11.00% Lender Rate

Borrower and real estate investor was seeking a cash-out 2nd TD on this non-owner occupied 3-unit investment property in LA County.  Proceeds from this loan were used to make improvements to the same property. The subject is a traditional style 3-unit property situated on a large 12,281 SF lot in Bell Gardens, CA. The property itself…

Recently Funded Hard Money Loan – National City: $150,000, 2nd TD, 60.24% CLTV, 10.50% Lender Rate

Borrower and real estate investor was seeking a cash-out 2nd TD on this 16-unit multi-family property in San Diego County. Proceeds from this loan were used to finish updating the units to allow for maximum rental income. The subject is a 16-unit apartment building in National City, CA.  The apartment mix is made up of 10…

Recently Funded Hard Money Loan – Rancho Mirage: $308,000, 1st TD, 50.00% LTV, 7.75% Lender Rate

Real estate investors were seeking a 1st TD to purchase this beautiful Rancho Mirage home. Property will be used as a furnished vacation rental. The subject is a Spanish style single story residence in the gated Mira Vista neighborhood of Rancho Mirage. The home measures 2,332 sf of gross living area and is situated on…

Recently Funded Hard Money Loan – Santa Ana: $1,140,000, 1st TD, 80.00% CLTV, 8.25% Lender Rate

Experienced Real estate investors and developers were seeking a business purpose purchase loan on these 5 parcels which include 3 SFR’s and 2 Vacant Lots.  Borrower plans to build a 5,000 s.f. medical building on 3 of the contiguous parcels.  Borrowers have a “Tenant In Tow” that plan to sign a lease on the newly…

Recently Funded Hard Money Loan – Los Angeles: $1,000,000, 1st TD, 10.00% CLTV, 9.25% Lender Rate

Real Estate Investor, General Contractor and Architect was looking for a business purpose cash-out 1st TD to complete plans and develop hillside property into a 78 unit apartment complex in the Baldwin Hills area of Los Angeles. Borrower’s exit strategy was to obtain a Take-Out construction loan to complete development. Subject View Property is a…

Recently Funded Hard Money Loan – Menifee: $70,600, 2nd TD, 65.00% CLTV, 10.75% Lender Rate

Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Riverside County.  Proceeds from this loan were used to make improvements to the same property. The subject property is a contemporary style SFR situated on a large 7,405 SF lot in Menifee, CA. The property is 3,453 SF with 14 total…

Recently Funded Hard Money Loan – Newport Beach: $645,000, 1st TD, 26.65% LTV, 8.00% Lender Rate

Long-time building owners and retired business owners were seeking a business purpose cash out 1st TD to refinance the existing conventional 1st and 2nd TDs, payoff other debts and made some improvements to this Newport Beach mixed use property. Subject property is a two story 3,610 s.f. mixed use commercial building. Owner lives on the…