Closed! Hard Money Loan in Ventura: $275,000 @ 12.50%, 2nd TD, Cash-Out, Single Family Residence, 59.76% CLTV

Borrowers are seeking a 2nd Trust Deed on this owner occupied and non-owner occupied SFR 2 units (zoned R2) located in Ventura, Orange County, CA. The purpose of this loan is to pay off a small $46K existing 2nd TD in good standing and the balance to invest in borrowers’ wellness business. Borrowers’ 1st mortgage is…

Recently Funded Hard Money Loan in Simi Valley for $65,000

  Simi Valley, CA         recent-transaction-2nd-td-investment-property-cash-out-loan-funded-simi-valley-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $65,000 BPO Value $540,000 Occup. Non-Owner Lender Rate 9.50% LTV on BPO             12.04% Loan Type Investment Prop. Cash-Out Amortization Interest Only Due in 6/2017 (Balloon) Gtd. Interest  …