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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Recently Funded Hard Money Blanket Loan in Temecula, Riverside, and Montebello: $405,550 @ 13.00%, 2nd TD, Cash-Out, SFR, 69.43% CLTV

Successful repeat MVI borrower, 40+ years experienced real estate owner, general contractor and fix & flipper sought a Blanket business purpose cash-out 2nd TD on two SFRs investment properties in Temecula, Riverside County and Pico Rivera, Los Angeles County CA; blanket also includes a 3rd TD on borrower’s primary owner-occupied SFR in Montebello, Los Angeles, CA. All…

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