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:…