Done Deal! Hard Money ADU Construction Loan in Los Angeles: $435,000 @ 12.25%, Duplex, 64.20% CLTV

Borrower is an Attorney and Partner at AALRR law firm in Pasadena, CA Borrower earns estimated $289K annual income from law practice. Borrower also had approx. $489K liquid assets which include $354K in retirement accounts. Borrower projects $34,800 monthly rental income from this sought after “Mid-Wilshire” location Four-Plex investment property when Two ADUs expansion completed.…

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Done Deal! Hard Money Loan in Lucerne Valley: $2,200,000 @ 15.00%, 1st TD, Cash-Out, Land, 20.00% LTV

Successful real estate investor and business owner sought a 1st Trust Deed refinance with Funds Control on these two tentatively entitled residential parcels totaling 244.67 acres known as “Wilshire Road”. These two parcels are portions of the Phase 1 residential development of the much larger 1,375 acres approved “Rancho Lucerne Master Plan” development in Lucerne Valley,…

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