Done Deal! Hard Money Loan in Duarte: $175,000 @ 13.00%, 2nd TD, ADU, SFR, 48.72% CLTV

Brokers, Duarte, Recent Transactions

General Contractor and real estate investor sought a $175,000 second trust deed business-purpose cash-out loan secured by a non-owner-occupied, single-family rental property in Duarte, Los Angeles County, CA—just 15 minutes east of Pasadena. Loan proceeds will be placed in a funds control account to finance the construction of a 1,000 SF Accessory Dwelling Unit (ADU) on the property. This General Contractor successful…

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

Brokers, Duarte, Recent Transactions, Stanton, Success Stories, Sylmar, Taft, Temecula, Thermal, Thousand Oaks, Trust Deed Opportunities, Tuolumne County, Tustin

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…

Closed! Hard Money Loan in Chula Vista: $380,000 @ 12.00%, 2nd TD, SFR, ADU, 51.66% CLTV

Brokers, Chula Vista, Recent Transactions

Borrowers and business owners sought a $380,000 2nd Trust Deed business purpose cash out loan on this owner occupied SFR property in Chula Vista, San Diego County, CA.  Borrowers own an established home improvement company servicing San Diego county. Funds from this loan will be used to invest in their business and $250K placed into Funds…

Done Deal! Hard Money Loan in Corona Del Mar: $4,000,000 @ 9.75%

Brokers, Corona del Mar, Recent Transactions

Successful Mortgage Vintage borrower, CEO and long-time successful business owner (Burger Busters, Inc.), burgerbusters.com,  sought a cash-out business purpose 1st TD on this non-owner occupied property located in the exclusive Cameo Shores neighborhood in Corona Del Mar, CA.  BurgerBusters Inc. currently owns and operates 82 Taco Bell restaurants; including 74 free-standing Taco Bell restaurants, 5 Taco…

Recently Funded Construction Loan in Santa Ana: $190,000 @ 14.50%, 2nd TD, Cash-Out, SFR, ADU, Junior ADU, 55.62%CLTV

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Successful Mortgage Vintage Borrower, developer, and real estate investor and his partner sought a new business purpose 2nd TD construction loan to complete the construction of the SFR with an ADU and Junior ADU.  The project is a permitted and entitled parcel in Santa Ana, CA .  This funds controlled construction loan will allow the…