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 – 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 – 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 – 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…