Fueling Business Growth and Opportunity When entrepreneurs and business owners encounter expansion opportunities, waiting for traditional bank approval could mean missing out on strategic timing. Take, for instance, an insurance professional in Irvine who had the chance to buy out an insurance franchise. This franchise purchase was a rare opportunity, yet a conventional loan wouldn’t…
Real estate investor and experienced Fix & Flip designer sought a business purpose loan to purchase this prime fix & flip opportunity in Redondo Beach, Los Angeles, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Redondo Beach’s highly desirable beach city neighborhood. The 1,615 SF home sits on a 2,501 SF lot with…
Redondo Beach, CA Download Recent Transaction Cash-Out-Redondo Beach, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $550,000 Appraised Value $855,000 Occup Non-Owner Occ. Interest Rate 8.99% LTV on AppraisedValue 64.32% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in12 months Guaranteed Interest 3 months …