Recently Funded Hard Money Loan in Whittier: $341,250 1st TD, 65.00% LTV, Cash-Out, 8.50% Lender Rate

Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA.  Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…

Done Deal! Hard Money Loan in Whittier: $718,500 @ 10.00% Lender Rate, 1st TD, Cash-Out, 55.27% LTV

Experienced General Contractor and business owner sought a 1st TD construction loan on this permitted and entitled subject vacant lot property in Whittier, Los Angeles County, CA. The funds from our loan will be used to pay-off a small existing and current $100k 1st TD and the remaining $568k will be placed in Funds Control to build…

Recently Funded Hard Money Loan in Whittier for $681,000 1st TD @ 10.50%, 55.00% LTV on Purchase Price, 49.15% LTV on Appraised Value, Commercial, 36 Mos., 9 Mos Guar Int, $62,425 min inv

Business owner and real estate investor sought a 1st trust deed to complete the purchase of this commercial property in Whittier in LA County.  Though currently vacant, the borrower has a tenant-in-tow that has signed a 3-year lease starting at $7,500/month for the 1st floor of the building.  The lease began July 1st. The subject…