Sunland land loan

COMPLETED! HARD MONEY LOAN IN SUNLAND: $330,000 @14.00%, 1ST TD, CASH-OUT, RESIDENTIAL LAND, 30.00% LTV

Borrowers, Brokers, Investors, Recent Transactions, Sunland

Loan Purpose Mortgage Vintage funded a $330,000 first trust deed cash-out loan secured by two adjoining vacant residential land parcels in the Sunland neighborhood of Los Angeles County, California. The borrowers, who carried strong FICO scores of 793 and 644, used a portion of the loan proceeds to resolve a partnership interest through escrow, while…

Done Deal! Hard Money Loan in Sunland: $100,000 @ 12.25%, 2nd TD, Cash-Out, SFR, 64.39% CLTV

Brokers, Recent Transactions, Sunland

Loan Description: Business owner is seeking a $100,000 business purpose 2nd Trust Deed cash out loan on this owner-occupied SFR in “Sun Hill Estates” on a cul-de-sac with and Angeles National golf course views in Sunland, Los Angeles County, CA. The borrower will be using the loan proceeds for working capital for borrower’s construction company. The…