Recently Funded Hard Money Loan – Los Angeles: $115,000, 2nd TD, 50.55%, 10.00% Lender Rate

Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…

Recently Funded Hard Money Loan – Big Bear : $360,000 1st TD, 36.72% LTV, 10.00% Lender Rate

Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…

Recently Funded Hard Money Loan – Garden Grove: $375,000, 1st TD, 36.44% LTV, 9.00% Lender Rate

Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…

Recently Funded Hard Money Loan – Valley Springs: $217,000, 1st TD, 70.00% LTV, 10.00% Lender Rate

Self-employed borrower was seeking a 1st TD on this non-owner occupied SFR in Valley Springs, Calaveras County.  Borrower owns a construction company and has been in business for 10 years. Borrower purchased the home to fix up and turn into a rental property. Borrower’s down payment will be a gift from their in-laws. The source…

Recently Funded Hard Money Loan – Huntington Beach: $512,000, 2nd TD, 59.85% CLTV, 10.50 % Lender Rate

Borrower and real estate investor was seeking a business purpose 2nd TD on this Huntington Beach 12-unit multi-family property. Borrower is restructuring the 1st TD with Axos Bank and paid off an existing 2nd TD where the Note was coming due. This was a no cash-out refinance. The Axos Bank 1st TD is at 5.29%…

Recently Funded Hard Money- Santa Ana: $200,000, 1st TD, 37.74% LTV, 10.50% Lender Rate

Borrower, previous/current and on-time Mortgage Vintage borrower, and, highly experience real estate investor and developer was seeking a business purpose cash-out 1st TD on this vacant land with approved plans by the City of Santa Ana in Orange County. The subject property is a .25 acre vacant lot located in Santa Ana at the corner…

Recently Funded Hard Money Loan – Fountain Valley: $200,000, 2nd TD, 61.45% CLTV, 10.50% Lender

Self-employed borrower was seeking this business purpose 2nd loan to purchase an investment property in Nevada. All loan proceeds will be sent directly to the purchase escrow. Subject is a two-story traditional 4 BR/3 BA Single Family Residence located in Fountain Valley, Orange County. The Property measures 2,239 sf of gross living area, and is…

Recently Funded Hard Money Loan – Riverside: $700,000, 1st TD, 20.29% LTV, 14.00% Lender

Experienced Real Estate Investor that has developed over 10 Mil. s.f. and his family business was seeking this business purpose blanket loan to finance three parcels of land in Riverside for Multi-Family Development. The first parcel (Pinebrook – 28 Units) is a 1st TD purchase with full entitlements and permits in place.  The developer has…

Recently Funded Hard Money Loan – Altadena: $60,000, 2nd TD, 43.69% CLTV, 11.00% Lender

Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Altadena to invest back into her cultural center in Pasadena, the Alkebu-lan Cultural Center, for supplies and updates to the building: http://www.alkebulanpasadena.com/. The subject property is a 1,800 sf Ranch style SFR that sits on a large 12,398 SF…

Recently Funded Hard Money Loan – Santa Ana: $450,000, 1st TD, 60.00% LTV, 9.50% Lender

Real Estate Investor was looking to cash – out to fund continued construction of multiple single family homes real estate investment project in Santa Ana. Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space. Borrower is an experienced fix and flip investor and developer. Subject property is…

Recently Funded Hard Money Loan – Los Angeles: $175,000, 2nd TD, 63.38% CLTV, 11.00% Lender

Business owner was seeking a cash-out 2nd TD to invest back into a real estate investment business owned with her husband. Funds from our loan will be used for investing in distressed properties. The subject is a 2 story, 6 BR/3 BA Duplex located in the Boyle Heights neighborhood of Los Angeles. The property measures…

Recently Funded Hard Money Loan – Newport Beach: $1,250,000, 2nd TD, 54% CLTV, 12.00% Lender

Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County.  Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution. The subject is…

Recently Funded Hard Money Loan – Los Angeles: $564,000, 2nd TD, 58.52% CLTV, 10.50% Lender

Long time business owner was seeking a cash-out 2nd TD on this beautiful Westchester SFR in Los Angeles to payoff an existing 2nd & 3rd and cash-out for his business.  Borrower owns a successful landscape company specializing in design, maintenance and construction:  http://brownlandscapeco.com/.  The loan proceeds from our MVI loan will be invested back into…

Recently Funded Hard Money Loan – Santa Ana: $300,000, 2nd TD, 67.07% CLTV, 11.00% Lender

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this non-owner occupied, new construction SFR with additional dwelling unit in Santa Ana.  Borrower is highly experienced real developer and investor.   Subject property is a 2 stories SFR new construction in progress with an addition in the back. Home in…

Recently Funded Hard Money Loan – Agoura Hills: $160,000, 2nd TD, 60.83% CLTV, 10.50% Lender

Previous Mortgage Vintage borrowers and on-time payers are seeking a cash-out 2nd TD on this owner occupied SFR in Agoura Hills.  Borrowers are highly experienced real estate agents specialized in high end residential estate properties in the Malibu area with several multi-million dollar listings.  Borrowers were seeking a loan to invest back into their real…

Recently Funded Hard Money Loan – Clovis: $295,750, 1st TD, 65% LTV, 9.00% Lender

Long time business owner orthodontist was seeking a cash-out 1st TD on this free-and-clear Clovis, CA owner occupied 2nd home to invest back into his Huntington Beach based orthodontist practice.  The borrower recently began expanding human resources by adding additional dental assistants.  Borrower now plans to upgrade equipment, install a new software system, augment supplies…

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…