Done Deal! Hard Money Loan: $650,000 1st TD, Cash-Out, 26.53% LYV, SFR, 7.50% Lender Rate

Very experienced Builder, business owner and real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR investment property in Malibu, Los Angeles County, CA. Borrower will use funds from this loan to invest in a new business opportunity. The remaining construction on this subject property will be completed in less…

Recent Transaction in Lancaster: $195,000, 1st TD, Cash-Out, 65.00% LTV, SFR, 10.00% Lender Rate

Co-Borrower and long time Real Estate Investor and business owner is co-signing with Borrower who sought a Business Purpose Cash-Out Refinance on this Owner Occupied SFR to payoff an existing matured business purpose 1st position loan.  Any excess loan proceeds will be used to make repairs to the property.  Borrower had good payment record on…

Closed! Hard Money Loan in Los Angeles: $283,000, 2nd TD, 65.05% CLTV, Condo, 9.00% Lender Rate

Successful business owner sought a business purpose cash-out 2nd TD on this owner-occupied, luxurious high-rise condominium on Wilshire Blvd. in Los Angeles, CA.  Funds from our loan will be used to meet the booming demand for borrower’s government sponsored COVID testing and vaccination program for uninsured individuals. Borrower’s existing 354k 1st TD is current in…

Done Deal! Hard Money Loan in Whittier: $718,500 @ 10.00% Lender Rate, 1st TD, Cash-Out, 55.27% LTV

Experienced General Contractor and business owner sought a 1st TD construction loan on this permitted and entitled subject vacant lot property in Whittier, Los Angeles County, CA. The funds from our loan will be used to pay-off a small existing and current $100k 1st TD and the remaining $568k will be placed in Funds Control to build…

Recent Transaction in Placentia: $200,000, 2nd TD, Cash-Out, 40.86% CLTV, 8.50% Lender Rate

Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA.  Borrowers existing, current…

Closed! Purchase Bridge Loan in Culver City: $600,000 2nd TD, 40.91% CLTV, SFR, 10.50% Lender Rate

Successful LA based Architect/Builder borrower sought a 2nd TD cash-out bridge loan on this owner-occupied SFR w/ ADU property in Culver City, Los Angeles, CA. The funds from our loan will be used to pay-off a small, current 182k HELOC and the remaining funds will be used to purchase the borrowers new out-of-state primary residence…

Recently Funded Hard Money Loan in Carson: $55,000 2nd TD, 68.36% CLTV, Cash-Out, 10.00% Lender Rate

Successful Mortgage Vintage borrower and real estate investor sought a business purpose cash-out 2nd TD on this investment property. The funds from our loan will be used to make improvements on another investment property borrower owns in Carson, Los Angeles County, CA. Exit strategy is a conventional refinance of either this property or one of…

Closed! Commercial Purchase in San Bernardino: $1,118,600 1st TD @9.50%, Mutli-Family, 70.00% LTV

Experienced real estate investor sought a 1st TD to purchase this 19-unit multi-family investment property in San Bernardino, San Bernardino County, CA.  The borrower currently owns and operates a 4 unit, multi-family investment property and is acquiring this subject property to expand borrower’s real estate investment portfolio. The subject property is a gated, two story,…