Done Deal! Hard Money Loan in Ladera Ranch: $597,000 @ 12.00%, 2nd TD, Cash-Out, SFR, 60.85% CLTV

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…

Closed! Hard Money Loan in San Diego: $255,000 @ 12.00%, 2nd TD, Cash-Out, Multi-Family Unit, 51.04% CLTV

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…

Done Deal! Hard Money ADU Loan: $345,000 @ 12.50%, 2nd TD, Cash-Out, 2-4 Unit, 53.59% CLTV

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…

Recently Funded Hard Money Loan in Tustin: $195,000 @ 13.50%

Successful business owners sought a small $195K 2nd Trust Deed business purpose cash out loan on this beautiful SFR in Tustin, CA. 100% of the loan proceeds will be used to upgrade and expand borrowers’ Investment Banking Company, Teleios Capital Group LLC. https://www.teleioscapital.com The borrowers’ 1st mortgage is current and in good standing with a principal balance…

Recent Transaction in Tustin, CA – Business Purpose Purchase

Tustin, CA Download $981,750 1st Trust Deed Funded, Tustin, CA Property / Loan Information Property Type Single Family Residence Lien Position  1st TD Loan Amount $981,750 Appraised Value $1,305,900 Occup Non-Owner Occ. Lender Rate 9.50% LTV on Purchase Price 75.17% Loan Type Business Purpose Purchase Amortization Interest Only Due in3 years Guaranteed Interest 6 months      …