Recently Funded Hard Money Land Loan in Temecula: $1,400,000 @ 12.50%, 1st TD, Cash-Out, 17.95% LTV

Repeat MVI borrower, president/owner of downtown San Diego family law practice and real estate investor sought a 1st TD business purpose cash out refinance loan on this 106.16 acres of land in the heart of Temecula’s Winery Region and just 13 minutes east of downtown Temecula in Riverside County, CA. The borrower inherited the property…

Recently Funded Hard Money Land Loan in Moreno Valley: $2,000,000

Successful MVI Borrowers and Real Estate Developers, https://fairbrook.com/company/, sought a 1st TD to refinance this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. The Borrowers acquired this property in 2021 and have since invested a total of $2.8 million…

Closed! Hard Money Loan in Perris: $2,084,800 @ 16.00%, 1st TD, Land, Cash-Out Refi, 25.00% LTV

Successful Mortgage Vintage Borrower, business owner, and real estate investor (Fairbrook Communities, LLC) sought a Blanket 1st Trust Deed loan to pay off an existing 1st Trust Deed and provide capital to finish entitlements for two well-located sites of undeveloped land in Perris in Riverside County. The multi-family development entitlements for both properties should be…

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…

Closed! Hard Money Land Loan in Apple Valley: $596,000 @ 13.50%, 1st TD, Cash-Out, 80.00% LTV

3x Successful Mortgage Vintage borrowers and 30+ years experienced residential developers sought a 1st TD loan to finish development on this “pre-sold”, SFR property in Apple Valley, San Bernardino County, CA. Borrowers own “Evergreen Homes, LLC” Evergreen Homes (evergreenhomesca.com). Borrowers have already built and sold 55+ SFRs similar to this subject property in this same…

Done Deal! Hard Money Land Loan in Apple Valley: $596,000 @ 12.50%, 1st TD, Cash-Out, 80.00% LTV

3x Successful Mortgage Vintage borrowers and 30+ years experienced residential developers sought a 1st TD loan to finish development on this “pre-sold”, SFR property in Apple Valley, San Bernardino County, CA. Borrowers own “Evergreen Homes, LLC” Evergreen Homes (evergreenhomesca.com). Borrowers have already built and sold 55+ SFRs similar to this subject property in this same…

Done Deal! Hard Money Land Loan in Adelanto: $2,500,000 @ 14.50%, 1st TD, Cash-Out, LTV 8.33%

Repeat MVI borrower and successful real estate investor is sought a 1st TD on this fully entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross collateralizing a fully entitled, CUP permitted, city approved commercial 12 lot subdivide on Jonathan Street, in…

Closed! Hard Money Cannabis Loan in Miranda: $250,000 @ 11.00%, 2nd TD, SFR & Land, 37.42% CLTV

Real estate investors and experienced business owners sought  a 2nd TD business purpose cash out loan on this mixed-use investment property in Miranda, Humboldt County, CA. Borrowers existing 6% interest, 1st TD of $461K is current and in good standing. The funds from this loan will be used for an immediate capital infusion into the expansion…

Done Deal! Cannabis Construction Loan in Adelanto: $1,375,000

Experienced real estate investor and cannabis business owner sought a 1st TD cash-out loan on this “Free & Clear” fully-entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross-collateralizing “Free & Clear” land that is pending final fully-entitled, CUP permitted, city approved…