Closed! Hard Money Construction Loan in Apple Valley: $542,960 @13.50%, 1st TD, Single Family Residence, 78.34%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…

Read more

Recently Funded Hard Money Commercial Loan in Rancho Cucamonga: $2,250,000 @ 13.00%, 1st TD, Cash-Out, 44.91% LTV

30 year plus very experienced, successful commercial real estate investors and business owners of “Vivative Ventures Inc.”, a team of real estate professionals who specialize in revitalizing commercial buildings, sought a 1st Trust Deed refinance loan on this commercial building that is fully entitled, zoned GC – General Commercial in the heart of Rancho Cucamonga, San…

Read more

Recently Funded Hard Money Loan in Agoura Hills: $175,000 @ 10.00%, 2nd TD, Cash-Out, Single Family Residence, 39.93% CLTV

Successful Mortgage Vintage repeat borrowers and on-time payers sought a small cash-out 2nd TD on this owner occupied SFR in Agoura Hills.  Borrowers are highly experienced real estate agents specializing in high end residential estate properties in the Malibu area with several multi-million dollar listings.  Borrowers are seeking a loan to invest into their real…

Read more

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…

Read more

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.…

Read more