Closed! Hard Money Loan in Los Angeles: $283,000, 2nd TD, 65.05% CLTV, Condo, 9.00% Lender Rate

Successful business owner sought a business purpose cash-out 2nd TD on this owner-occupied, luxurious high-rise condominium on Wilshire Blvd. in Los Angeles, CA.  Funds from our loan will be used to meet the booming demand for borrower’s government sponsored COVID testing and vaccination program for uninsured individuals. Borrower’s existing 354k 1st TD is current in…

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…

Recent Transaction in Placentia: $200,000, 2nd TD, Cash-Out, 40.86% CLTV, 8.50% Lender Rate

Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA.  Borrowers existing, current…

Closed! Purchase Bridge Loan in Culver City: $600,000 2nd TD, 40.91% CLTV, SFR, 10.50% Lender Rate

Successful LA based Architect/Builder borrower sought a 2nd TD cash-out bridge loan on this owner-occupied SFR w/ ADU property in Culver City, Los Angeles, CA. The funds from our loan will be used to pay-off a small, current 182k HELOC and the remaining funds will be used to purchase the borrowers new out-of-state primary residence…

Recently Funded Hard Money Loan in Carson: $55,000 2nd TD, 68.36% CLTV, Cash-Out, 10.00% Lender Rate

Successful Mortgage Vintage borrower and real estate investor sought a business purpose cash-out 2nd TD on this investment property. The funds from our loan will be used to make improvements on another investment property borrower owns in Carson, Los Angeles County, CA. Exit strategy is a conventional refinance of either this property or one of…

Done Deal! Hard Money Loan in Laguna Beach: $115,000, 2nd TD @ 10.00%, Cash-Out, 57.16% CLTV

Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out 2nd TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to support this investment property’s overhead while borrower obtains a conventional loan to to…

Done Deal! Hard Money Loan in Los Angeles: $330,000 @ 11.00%, 2nd TD, Cash-Out, 60.59% CLTV

Experienced real estate investor and attorney sought a business purpose cash-out 2nd TD on this non-owner occupied SFR rental property in Westwood, Los Angeles County, CA.  The funds from our loan will be used  towards the purchase of two 5 acre investment mining properties in CA and to bring current the existing 1st TD in…

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 Construction Loan in Indio for $1,800,000 @ 10.75%, 1st TD, 60.00% LTV

Owners/operators of a Construction & Development company are sought a business purpose 1st TD loan on these 3 Commercial buildings in Indio, CA. Borrowers are currently underway converting these Commercial buildings into to a single-tenant private Charter school.  Funds from our loan will be used to pay off the existing $1,150,000k purchase loan on the…