Recently Funded Hard Money Loan in Riverside: $140,000 @ 12.25%, 2nd TD, Cash-Out, Single Family Residence, 49.47% CLTV

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…

Recently Funded Hard Money Construction Loan in Riverside: $407,550 @ 13.50%, 1st TD, Cash-Out, Funds Control, 65.00% LTV

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…

Recently Funded Hard Money Loan in Riverside: $193,000 @ 13.25%, 2nd TD, Single Family Residence, Cash-Out, 60.00% CLTV

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…

Recently Funded Hard Money Loan in Riverside: $100,000 @ 6.50%, 1st TD, SFR, Cash-Out, 17.27% LTV

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…

Recently Funded Hard Money Loan in Riverside: $427,000 @ 8.50%, 1st TD, SFR, Cash-Out, 70.00% LTV

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…

Recently Funded Hard Money Loan – Riverside: $1,000,000, 1st TD, 16.68% LTV, Lender Rate: 13.50%

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…

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 in Riverside, CA $107,500

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…

Business Purpose Loan Funded – Riverside, CA

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:…