Done Deal! Hard Money Loan in Fresno: $127,250 @ 13.00%, 2nd TD, SRF, Cash-Out, 57.44% CLTV

Real estate investor sought a business purpose cash-out 2nd TD on this non-owner-occupied SFR in Fresno, CA. Proceeds from our loan will be used for minor upgrades to one of borrower’s other investment properties. Borrower owns several SFR rental investment properties in Fresno. Exit strategy: sale of investment property. The subject property sits in a…

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

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…

Done Deal! Hard Money Loan in Rancho Santa Fe: $2,500,000 @ 14.50%

Long-time successful CEO business owners and real estate investors sought a 2nd TD on this non-owner-occupied, fully renovated modern ranch styled SFR property. Borrowers residents of exclusive private beach community, “Three Arch Bay” Laguna Beach, bought subject property to renovate and sell for profit. Subject property is a single story SFR with 4,792 SF living…

Closed! Hard Money Loan in Los Angeles: $365,000 @ 12.50%

Business owners sought a $365,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Los Angeles, Los Angeles County, CA.  Loan proceeds will be used for Borrower’s business, Powerfade Marketing, LLC (https://powerfademarketing.com).  A Powerfade P&L for 2023 is in the CTD Due Diligence File and shows a company Net Income of $405k.…

Recent Hard Money Transaction in Perris: $325,000 @ 12.00%

Borrowers/realtor sought a 1st TD business purpose cash out loan to remodel this “free and clear”, non-owner-occupied investment SFR property in Perris, Riverside County, CA. Funds will be placed into Funds Control to fully remodel this SFR; project managed by a licensed General Contractor. Exit strategy: conventional refinance once complete. The subject property is a single…

Recently Funded Hard Money Blanket Loan in Costa Mesa and Palm Desert

Repeat Mortgage Vintage Inc. through “CrowdTrustDeed” borrower, very successful Southern California realtor and real estate investor sought a 1st TD blanket cash out loan on these two “Free and Clear” non-owner occupied SFR + Condo investment properties. The Condo is in Costa Mesa, Orange County, CA and the SFR is located in the Palm Valley…

Done Deal! Hard Money Loan in Santa Ana: $325,000 @ 12.00%

Business owner sought this business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Santa Ana,Orange County, CA.  100% of the loan proceeds will be used to towards the borrower’s business, Harbor Sofas and Mattresses, to increase sales. Borrower states that he recently partnered with Wayfair to help expand his furniture business.  The…