Recently Funded Hard Money Loan in Los Angeles: $690,000 @ 6.00%, 1st TD, Multi-Family, 29.61% LTV, Cash-Out Refi

Successful real investor sought a 1st TD business purpose cash-out refinance loan on this 8 unit, non-owner occupied, apartment building in Los Angeles, Los Angeles County, CA.  Funds from our loan will be used to pay off a small, current $140k 1st TD and the balance of the funds will be used for interior and…

Recently Funded Hard Money Loan in Cathedral City: $357,000, 1st TD @ 7.00%, Purchase, 50.37% LTV

Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied SFR investment property in Cathedral City, Riverside County, CA.  Borrower is putting down $340k of their own money towards this Purchase. Borrower owns four other investment properties in the area. Subject property is in a gated community, great condition and ready…

Done Deal! Hard Money Loan in Monrovia: $270,000 1st TD, 31.03% LTV, Cash-Out, 7.00% Lender Rate

Borrower sought a 1st TD refinance loan on this non-owner occupied SFR investment property in Monrovia, Los Angeles County, CA. Funds from our loan will be used to pay off an existing reverse mortgage (227k). Borrower’s father owned this subject property. Father recently passed away and borrower inherited this subject property.  The subject property is…

Done Deal! Hard Money Loan 1st TD $150,000 Sacramento, CA – Mortgage Vintage

Borrower is an experienced real estate investor who sought a business purpose 1st TD to purchase this SFR in Sacramento.  The borrower currently makes $5,000 monthly from Airbnb rentals and the estimated rental income for the subject property is $1,710/month, which will more than cover the monthly mortgage payment.  The Purchase Price of the property…

Recently Funded Hard Money Loan in Santa Ana, CA for $260,650

Recent Transaction – $260,650 Business Purpose Purchase, Santa Ana, CA Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase this HUD owned Santa Ana property. Borrower owns multiple investment properties in and around Santa Ana in Orange County. Subject Property is a single-story,…

Recently Funded Hard Money Loan in Colton, CA for $150,000

Recent Transaction – $150,000 Business Purpose Cash Out, Colton CA Self-employed borrower was seeking a Business Purpose Cash-Out Refinance on this non-owner occupied SFR to expand his business, E&G Mobile Truck Washing. Subject property is a single-story, single family residence located in Colton, CA.  The Property is a ranch style 2 bdrm/1 bath home with…