Recently Funded Hard Money Loan in Los Angeles: $1,860,000 @ 12.00%, 1st TD, Single Family Residence, Cash-Out, 60.00% LTV

Borrower shows substantial cash reserves and net worth to service debt who is the Owner and Founder of “Vista Paint”. Borrower and his business partner, owner of commercial real estate company in Rancho Mirage, both placing personal guarantees on this loan. Loan Purpose: investment into Coachella Valley large development project. Exit plan: pay off this loan through refinance and / or personal assets before end of loan term.

Borrower has recently, fully remodeled the kitchen and bathrooms and is using this loan to pay off an existing, in good standing 1st TD plus $45K cash out from this loan to complete final interior and exterior touch-ups, fresh landscaping to prep investment property for sale. Borrower plans to list property for sale as soon as final touch ups completed. Exit: Sale of Property. 6 Months Guaranteed Interest to Investors.

701 FICO borrower is seeking a cash out refinance 1^st TD on this non-owner occupied, rental SFR property in the popular “West Hollywood – Beverly Hills” neighborhood of Los Angeles, CA with a view of Sunset Blvd. and high enough on hill with views of Catalina Island.

This contemporary, 2 two story SFR subject property consists of 2,532 SF living area, sitting on a 5,134 SF lot. Subject’s kitchen, floors and bathrooms have all been remodeled. Subject property includes 3 Bedroom / 3 ½ Bathrooms and 2 car attached garage. The subject property features a sunroom, is fully fenced front, side and rear yards, has front balconies, and a lower studio with a separate entrance. Subject is fully occupied by tenant earning $16,500/mo. Property is very well located near popular tourist “Chateau Marmont” hotel, world famous “Comedy Store”, “Greystone Mansion and Gardens”, restaurant and high-end shopping. Property is located north of Mulholland Drive, south of Sunset Boulevard and Crescent Heights Boulevard/Laurel Canyon Boulevard to the east.