Recently Funded Hard Money Loan – Westlake Village: $160,000 1st TD, 21.00% LTV, 6.50% Lender Rate

Real estate investor and long-time doctor was seeking a cash-out 1st TD of this Ventura County investment property.  Loan proceeds from this new loan were used to update the same property. The condo is located in Westlake Village very close to Westlake Lake.  The property measures 1,591 sf of gross living area and is situated…

Recently Funded Hard Money Loan – Bell Canyon: $130,000 2nd TD, 65.00% CLTV, 11.50% Lender Rate

30-year business owner was seeking a cash-out 2nd TD of this owner occupied SFR in Bell Canyon in the San Fernando Valley.  Proceeds from this loan were used to invest back into his television production business, MelliTV.com. Our subject property is located in the private, gated community of Bell Canyon in the San Fernando Valley on…

Recently Funded Hard Money Loan in Los Angeles for $1,020,000.00

Self-employed, strong credit score borrower was seeking a business purpose cash out refinance loan to refinance the existing loan on this multi-family property.  Borrower has owned the property since 2009. Subject is a 100% occupied property which consists of 3 parcels totaling 23,161 square and is located on a commercial/residential street. The Property is an…