Recently Funded Hard Money Loan in Whittier for $681,000 1st TD @ 10.50%, 55.00% LTV on Purchase Price, 49.15% LTV on Appraised Value, Commercial, 36 Mos., 9 Mos Guar Int, $62,425 min inv

Business owner and real estate investor sought a 1st trust deed to complete the purchase of this commercial property in Whittier in LA County.  Though currently vacant, the borrower has a tenant-in-tow that has signed a 3-year lease starting at $7,500/month for the 1st floor of the building.  The lease began July 1st. The subject…

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Recently Funded Ground-up Construction Loan: $625,900 1st TD, SFR, 9.50% Lender Rate 55.00% LTV on ARV, 100% Funds Control of Budget, Rancho Cucamonga, CA

Real estate investor/builder was seeking a business purpose construction loan 1st TD on this Rancho Cucamonga permitted and entitled lot that he purchased in Dec. 2019.  Funds from our loan were used to payoff an existing lien on the property as well as fund the construction of the approved and permitted project.  At completion, the…

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