Recent Transactions: Successful Hard Money Loans & Funding

Recently Funded! Hard Money Loan in Orange: $150,000 @11.00%, 2nd TD, Cash-Out, SFR,58.38% CLTV

Loan Purpose The borrower sought a business-purpose cash-out loan secured by a non-owner occupied single-family residence. Proceeds from the new second trust deed is intended to support the development of an Accessory Dwelling Unit (ADU) on the property. Based on the valuation commentary, the property’s lot configuration and surrounding rental demand—particularly from nearby Chapman University—support…

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Closed! Hard Money Loan in Los Angeles: $5,579,000 @12.25%, 2nd TD, Purchase, 50.00% CLTV

Loan Purpose Repeat Mortgage Vintage borrower and experienced business owner, sought a business-purpose, non-owner-occupied Blanket 1st/2nd Trust Deed blanket loan to acquire a 17-unit fully occupied multi-family property located on Vermont Avenue in Los Angeles, while cross-collateralizing an existing 5-unit multi-family property on 40th Place in Los Angeles. Loan proceeds will be used to purchase…

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Closed! Hard Money Loan in Malibu: $600,000 @14.75%, 2nd TD, Construction, 56.48% CLTV

Loan Purpose Very experienced developer/borrower obtained a business-purpose construction 2nd Lien Position bridge loan secured by a Malibu single-family residence. Loan proceeds are intended to fund the remaining $450,000 construction and related carrying costs associated with completing a high-end residential new home development. All $450k construction funds will be held in a licensed Funds Control…

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Recently Funded! Hard Money Loan in Los Angeles: $1,650,000 @8.75%, 1st TD, Cash-Out, Multi-Family, 55.93% CLTV

1. Loan Purpose The previously successful Mortgage Vintage Borrower sought a business-purpose loan secured by an existing 8-unit multifamily asset in Los Angeles. Loan proceeds will be used to refinance an existing Mortgage Vintage 1st Trust Deed and provide remodel funds and small cash-out liquidity to the borrowing entity. Based on the information provided, the transaction…

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Recently Funded! Hard Money Loan in Palm Desert & San Clemente: $515,000 @9.50%, 1st & 2nd TD, Purchase/Cash-Out, SFR/ Condo, 52.39% CLTV

Loan Purpose Real estate investor sought a 1st / 2nd TD blanket loan to purchase this investment condo property on the golf course in the Monterey Country Club community of Palm Desert, Riverside County, CA; borrower is using his SFR investment property in San Clemente, Orange County, CA as business purpose cash-out collateral. The 1ST TD on the…

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