Why are hard money loan rates dropping? Hard Money loan rates have dropped 50 to 150 basis points over the past 18 months, depending on the market and type of property. This market trend provides more favorable rates for borrowers and reduced yields to Hard Money Lenders. Hard Money Loans, and in some instances called…
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Los Angeles, CA Download Recent Transaction $680,000 Business Purpose Cash Out, Los Angeles, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $680,000 Broker Price Opin. $1,500,000 Occup Non-Owner Occ. Lender Rate 7.75% LTV on BPO 45.33% Loan Type Consumer Purp. Cash-Out Amortization Interest Only Due in 6 mos. Guaranteed Int.…
Agoura Hills, CA Download Recent Transaction – $110,000 Business Purpose Cash-Out – Agoura Hills, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $110,000 Broker Price Opin $1,800,000 Occup Owner Occ. Lender Rate 10.00% CLTV on ARV 62.50% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 24 mos.…
Corona Del Mar, CA Download Recent Transaction – $700,000 Business Purpose Construction Loan – Corona Del Mar CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $700,000 After Repair Value $3,200,000 Occup Non Owner Occ. Lender Rate 9.50% CLTV on ARV 62.50% Loan Type Business Purpose Cash Out Amortization Interest Only…
Before After On August 25, 2016, Mortgage Vintage, Inc., borrowers and successful professional contractors effectively sold the subject property located at 1812 Mary Court in Placerville, CA, for $399,000, obtaining a nice net profit after having initially purchased the subject property for $139,000 and spending approximately $129,000 rehabbing the subject property