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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Closed! Hard Money Construction Loan in Apple Valley: $584,000 @ 11.75%, 1st TD, Cash-Out, SFR, 80.00% 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…

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