1. Loan Purpose: President/CEO sought a 2nd Trust Deed on this owner occupied SFR located within the privately gated “Covenant Hills” suburban neighborhood in Ladera Ranch, Orange County, CA. The purpose of this loan is to pay off an existing and in good standing $346K 2nd TD business purpose loan and the balance used to…
1. Loan Purpose: Borrower and real estate investor sought a $255,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied fully tenant-occupied tri-plex in San Diego. The loan proceeds will be used to complete a 2-unit ADU. The complete project is $449,000 to build. The Borrower has already paid $237,000 in costs towards…
1. Loan Purpose: Borrower and real estate investor sought a $345,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied, recently renovated and fully tenant occupied, detached duplex investment rental property in Duarte, Los Angeles County, CA. The city of Duarte is located 15 minutes east of Pasadena, CA. The funds from this…
Taft, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $87,800 Purchase Price $140,000 Occup Non-Owner Occ. Interest Rate 12.00% LTV on Purch. Price 62.71% Loan Type Fix and Rent Amortization 30 Year amort/due in 2 years Guaranteed Interest 6 months Loan Scenario: Husband and Wife Real Estate…
Multi- Family Rental Purchase Loan Funded in the amount of $138,000 in Taft, CA Download Full Summary Property / Loan Information Property Type Multi-Family 5 Unit Lien Position 1st Trust Deed Loan Amount $138,000 BPO Valuation $195,804 BPO/s.f. $48.95/s.f. LTV on Purch Price 62.72% Loan Type Rental Purchase Amortization 30 Year amort/due in 2 years…