Recently Funded Hard Money Loan in La Canada-Flintridge for $400,000

Borrower was seeking a business purpose cash-out on this non-owner occupied rental property to make improvements to the property and to invest in other investment property.  Borrower has owned the property since 2006. Subject property is a two story Single Family Residence located in the La Canada Flintridge area of Los Angeles.  The home is…

Recently Funded Hard Money Loan in Fullerton, CA for $415,000

Self-employed, repeat and successful Mortgage Vintage, Inc. Borrower, was seeking a business purpose cash out loan on multi-family property to purchase apartment building in Pomona. Subject is a 10-Unit Multi-Family Property. The property has 6,500 net rentable area. The property has 2 free standing apartment buildings. Each building is 1-story with average quality class “D”…

Recently Funded Hard Money Loan in Hillsborough, CA for $2.5M

Self-employed Borrower with excellent credit was seeking a Business Purpose Cash-Out loan to purchase a commercial building for their food products manufacturing business, Dean Distributors. Company has been in business since 1952 and is moving their headquarters from Vernon to San Bernardino. Subject is a 2 story, single family residence located in Hillsborough, CA.  Hillsborough…

Recently Funded Hard Money Loan in Newport Beach, CA for $60,000

Self-employed borrower was seeking a Business Purpose Cash-Out loan to invest in machine tools and precision measuring devices for their business located in Orange County. Subject is a tri-level condo located in beautiful Newport Beach, California in the Newport Crest community.  The Property measures 1,934 sf of gross living area with 4 bedrooms and 2.5…

Recently Funded Hard Money Loan in Modesto, CA for $1,150,000

Borrowers were seeking this Business Purpose Cash-Out loan to payoff existing conventional loan and use the remaining proceeds to fixup property. Borrowers have owned the subject property since 1987.  Subject is a two bldg. 14,563 s.f., single story retail multi-tenant center located in Modesto. The Property sits on a 42,749 s.f. lot with a 4.7/1,000…

Recently Funded Hard Money Loan in Altadena, CA for $500,000

Restaurant owner was looking for a business purpose loan cash-out to pay off the $70k 3rd TD she used to purchase the commercial property.   El Caporal’s Tacos draw hungry fans from all over AltaDena and Pasadena. Coupled with outstanding service, the restaurant continues to earn significant income.  Previous seller has a carryback 2nd that has subordinated. Borrower…

Recently Funded Hard Money Loan in Los Angeles, CA for $600,000

Long time homeowner and Self-employed Borrower was seeking a business purpose cash out loan to invest in borrower’s business.Subject is a split-level 4 bdrm/3.0 ba Single Family Residence located in the desirable Hollywood Hills area just above Sunset Strip. Property is upgraded throughout, with a terraced backyard and several patio areas, swimming pool/spa, and fountains.…