Borrower sought a business purpose 2nd Trust Deed on this investment rental property in Jurupa Valley, Riverside County, CA.. The purpose of this loan is to pay off an existing $65K 2nd TD and the balance will be invested into borrower’s autobody company. Borrowers’ 1st mortgage is current with a small principal balance of $47,507…
Successful repeat Mortgage Vintage Borrower with a 732 Fico score, sought this 1st TD to complete construction of a single family residence in the City of Riverside. Construction of the property is approximately 40% complete company and the loan proceeds will be used to complete the remaining 60% and pay off a current $67,500 purchase…
Successful business owner and general contractor sought a business purpose, cash-out 2nd TD on this owner occupied SFR in Riverside, CA. Proceeds from our loan will be invested back into the borrower’s construction business, Quest Construction Builders & Contractors. Quest has seen increased growth since its inception and our loan proceeds will help expand and keep up…
Long time successful real estate investor and business owner sought a cash-out 1st TD on this Riverside home to use as a down payment for the purchase of another investment property in Corona. All proceeds from this loan will be going straight to escrow for the purchase of the Corona property. Borrower is going to Fix…
Previous and successful Mortgage Vintage borrower and Business owner sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Riverside, CA. Funds from our loan will be used to pay-off existing, current $216k 1st TD and the balance of funds will be used to invest in borrower’s business. The subject property…
Business owner and real estate investor is sought a cash-out 2nd TD of this owner occupied SFR in Riverside County. Borrower plans to use the loan proceeds to invest into the borrower’s body lotion and soap business, Organic Heaven. Our subject property is a beautiful custom built two-story SFR located in Riverside and sits on a…
Experienced Real Estate Investor and successful MVI borrower sought a 2nd TD on two vacant lots with a cross collateral 1st TD combination cash-out loan on one other vacant land parcel. Each of the three parcels is located in Riverside, CA. The cash-out will be used for pre-development expenses where the borrower plans to build…
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…
Borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to the property with an exit strategy of selling the property. Subject has 2 detached, 1 story, single family residences. The two units were built at two different times. Unit one was built in 1933 and unit two was built in 1972. Unit one…
Good credit borrower was seeking this Business Purpose Cash-Out Refi loan to make tenant improvements to this single tenant commercial mixed use property. Ownership of property is held in an LLC. Subject consists of 3 contiguous land parcels which together total 1.18 acres. The 8551 Mission Blvd. building consists of an 8,960 sf industrial bldg.…
Riverside, CA DownloadRecent Transaction – $107,500 Business Purpose Cash Out, Riverside, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $107,500 Broker Opinion $450,000 Occup Owner Occ. Lender Rate 10.25% LTV on BPO Value 65.00% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months…
Riverside, CA Download Recent Transaction – Business Purpose Cash-Out Loan Funded – Riverside, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $39,000 BPO Value $312,500 Occup Non-Owner Lender Rate 11.00% CLTV on BPO Value 60.16% Loan Type Business Purpose Cash-Out Amortization…
Riverside, CA Download Recent Transaction – Business Purpose Purchase – Riverside, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $113,750 Purchase Price $175,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch Price 75.00% Loan Type Business Purpose Purchase Amortization Interest Only due in 3 years Guaranteed Interest 180 Days Loan Scenario:…