Recent Commercial Transaction in Rosamond: $1,000,000 @ 11.25%, Cash-Out, 2nd TD, 63.73% CLTV

Brokers, Recent Transactions, Rosamond

Investor with a large real estate portfolio sought a business purpose cash out 2nd TD on this non-owner occupied mobile home park investment property in Rosamond, Kern County, CA. The purpose of these funds is to acquire another investment property related to a 1031 Exchange. Exit strategy from this loan is a conventional refinance to…

Recently Funded Hard Money Loan- Rosamond, CA, $285,000 1st TD, 60% LTV, 9.75% Lender Rate

Brokers, Recent Transactions, Rosamond

Business owner was seeking a 1st TD to purchase a mixed-use commercial property in Rosamond, CA in Kern County.  Borrower planed to expand his business into this property which sits right next to the entrance of the Willow Springs International Raceway. The subject property is a 5,782 SF mixed use commercial property with residential and…