Recent Hard Money Purchase in Torrance: $1,116,500 @ 9.50%, 1st TD, Commercial Building, 70.00% LTV

Successful Mortgage Vintage borrower and experienced real estate investor sought a 1st TD to purchase this industrial building in the highly sought after Torrance market, Los Angeles, CA. Borrower is bringing $478,500 personal “skin in the game” funds to close. The subject property is a single tenant, gated industrial building with 3,450 SF of rentable…

Recently Funded Hard Money Loan – Torrance: $750,000, 1st TD, 52.48% LTV, 9.00% Lender

Successful business owner was seeking a cash-out 1st TD on this owner occupied single family residence the Hollywood Riveria section of Torrance, CA.  Proceeds from this loan were to be used to payoff an existing 1st with the excess going towards his business  Motor Sports Classics.  Borrower had business for over 10 years. The subject…