Recently Funded Hard Money Loan in Murrieta for $100,000.00

800 credit score business owner, business owner and long-time nurse was seeking a cash-out 2nd TD to pay business expenses for a business that she owns with her husband, Predator Truck Caps. Built in 2005, the subject is a beautiful 2-story home in the La Cresta neighborhood of Murrieta in Riverside County. The home sits on a 4.4-acre lot and comprises 5 bedrooms and 3.5 baths with 4,519 sqft.  The … Continue reading

Recently Funded Hard Money Loan in San Diego for $448,500.00

712 Fico score borrower, Real estate investor and 11-year President & CEO of Howell Real Estate Management was seeking a business purpose purchase loan to purchase this investment property in San Diego. Our subject property is a single-story ground level condominium.  The home is 1,294 SF and features 4 rooms with 2 BR and 2 BA.  The property features a balcony with views of the bay and surrounding area. Subject … Continue reading

Recently Funded Hard Money Loan in Corona for $157,500.00

Real estate investor and experienced Fix and Flipper was seeking a business purpose purchase loan to acquire this investment property in Corona.  Borrower plans to rehab the property and then sell. Our subject property is a single-story bungalow style single family residence built in 1940.  The home is 600 SF with 4 rooms and 2 BR/1 BA and sits on a large 5,663 sqft lot.  Subject property is conveniently located … Continue reading

Recently Funded Hard Money Loan in Lake Elsinore for $150,000.00

698 fico score borrower was beginning the process of selling her current primary residence in Lake Elsinore to acquire a new permanent residence in Palm Desert which will be her retirement home.  To accomplish this move, the borrower needed a 1st TD Bridge Loan for the down payment of her new primary residence. The subject property is a two-story contemporary SFR sitting on a 6,969 sqft lot in a beautiful … Continue reading

Recently Funded Hard Money Loan in Menifee for $55,000.00

Retired military, Sheriff’s Deputy and small business owner was seeking a cash-out 2nd TD to invest back into his business that he co-owns with his wife, Bella Faces Design Studio, LLC. The subject property is located in Menifee, CA in Riverside County. This two-story home sits on a 4,080 sqft lot and comprises 4 bedrooms and 2.5 baths with 3,977 sqft.  Situated near Menifee Lakes Country Club, the subject features … Continue reading

Recently Funded Hard Money Loan in Murrieta for $137,500.00

Foreign National real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The subject property is located in Murrieta, CA in Riverside County. The home sits on a 7,840 sqft lot and comprises 4 bedrooms and 3.5 baths with 3,977 sqft.  The home … Continue reading

Recently Funded Hard Money Loan in Los Angeles for $1,020,000.00

Self-employed, strong credit score borrower was seeking a business purpose cash out refinance loan to refinance the existing loan on this multi-family property.  Borrower has owned the property since 2009. Subject is a 100% occupied property which consists of 3 parcels totaling 23,161 square and is located on a commercial/residential street. The Property is an 18-unit multi-building, multi-parcel apartment property which consists of a 14 unit property and 2 Duplex … Continue reading

Recently Funded Hard Money Loan in Thermal for $295,000.00

Real Estate investor and business owner was seeking a business purpose cash-out 2nd TD on this owner occupied property to use for property improvement, working capital and marketing for Rancho Remuda, the property owner’s bed & breakfast and horse breeding, training and boarding facility. Once owned by Cary Grant, the subject property was the first ranch house in the Coachella Valley and consists of three 10-acre parcels. The house and … Continue reading

What Can Possibly Go Wrong When Lending on After Repair Value?

The After-Repair Value (ARV) estimates the future value of a distressed property after it’s been repaired. ARV is not a property’s current value when purchased but rather the estimated value of the property once improvements are made. ARV is commonly used by fix and flip investors who purchase, renovate, and sell properties within 1 – 2 years. It’s important for fix and flip investors to know the ARV of a property … Continue reading

Recently Funded Hard Money Loan in Los Angeles for $1,250,000.00

Real estate investor, long time land owner and CEO of Rightime Enterprice was seeking a business purpose cash-out refi on these 5 parcels of vacant land.  Loan proceeds were used to payoff existing 1st & 2nd liens.  The cash-out portion of the funds were used to cover current architectural and engineering fees as well as other project soft costs. Our subject property comprises 5 vacant lots that will eventually be … Continue reading