1. Loan Purpose: Borrower sought a 2nd Trust Deed Bridge Loan on this owner-occupied property in the Santa Monica area. Loan proceeds will be used to prepare the property for sale and help with the Down Payment for the new home purchase. The Borrower will be listing the property for sale upon the purchase of his…
Borrower, successful real estate investor and business owner sought a business purpose cash-out 2nd TD on this non-owner occupied SFR in Santa Monica, Los Angeles County. Funds from our loan will be used to pay off the existing business purpose 2nd while the remainder of the proceeds will be invested into the borrower’s expanding medical…
Business owner and 17-year property owner was seeking a business purpose cash-out 2nd TD on this owner occupied condo in Santa Monica to invest back into her casting agency, AYC Casting, LLC. Subject property is a single-story condo in a two story building. Subject is 874 sqft with 2 BR/1 BA and a detached 1-car…