Recently Funded Hard Money Loan in Riverside: $193,000 @ 13.25%, 2nd TD, Single Family Residence, Cash-Out, 60.00% CLTV

Successful business owner and general contractor sought a business purpose, cash-out 2nd TD on this owner occupied SFR in Riverside, CA.  Proceeds from our loan will be invested back into the borrower’s construction business, Quest Construction Builders & Contractors. Quest has seen increased growth since its inception and our loan proceeds will help expand and keep up…

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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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