Vanguard Hard Money

Lending for California Only
 
 California's Premier Private Money Lender
   


 


Hard Money Cash Out Loans

Real Estate Acronyms:
After Repair Value ARV)
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Loan Amount:
  $243,750
City:
  La Puente
LTV:
  75% LTV
County:
  Los Angeles, CA
Appraised Value:
  $325,000
Hard Money:
  Refinance
Term:
  4 Months
Rate:
  9.99%
Income:
  Stated Income
Property Type:
  Single Family
Repairs Needed:
  None
Purpose of Loan:
 Our borrower needed to quickly pull cash out to
 payoff his partner before selling the property.

Loan Amount:
  $600,000
City:
  Rancho Palos Verdes
LTV:
  65.5% LTV
County:
  Los Angeles, CA
Appraised Value:
  $900,000
Refinance Rancho Palos Verdes
Hard Money:
  Refinance
Term:
  7 Months
Rate:
  9.99%
Income:
  Stated Income
Property Type:
  Single Family
Repairs Needed:
  None
Purpose of Loan:
 Loan was made to a corporation that needed to
 payoff an existing conventional loan.

This example provided cash out at 93% of the original purchase price.
2nd Loan Amt:
  $214,000
City:
  Glendale
Combined LTV:
  59% ARV
County:
  Los Angeles, CA
Appraised Value:
  $650,000
Cash Out Glendale
Hard Money:
  Cash Out Refi.
Term:
  6 Months
Rate:
  12.00%
Income:
  Stated Income
Property Type:
  Single Family
Repairs Needed:
  $50,000
Purpose of Loan:
 Client came to us with the need to pull cash out to
 finish a rehab/construction project that was underway.
 We used the existing appraisal and closed the loan in
 just a few days.

Loan Amount:
  $173,250
City:
  Canyon Country
LTV:
  55% LTV
County:
  Los Angeles, CA
Appraised Value:
  $315,000
Cash Out Canyon Country
Hard Money:
  Cash Out Refi.
Term:
  60 Months
Rate:
  12.00% I.O.
Income:
  Stated Income
Property Type:
  Single Family
Repairs Needed:
  None
Purpose of Loan:
 Recently renovated home being placed on the
 market. Borrower wanted to pull additional cash out
 for his next REO investment purchase.

Loan Amount:
  $400,000
City:
  Glendora, Covina, & LA
LTV:
  58% LTV
County:
  Los Angeles, CA
Appraised Value:
  $685,000
Cash Out Glendora, Covina, & LA
Hard Money :
  Cash Out Refi.
Term:
  12 Months
Rate:
  8.90% I.O.
Income:
  Stated Income
Property Type:
  Single Family (3)
Repairs Needed:
  Minimal
Purpose of Loan:
 Pull cash out of three properties
 (Cross collateralize).
 Borrower wanted to have extra cash in hand to
 purchase additional rehab properties. We were able
 to provide a release clause for each property we
 cross collateralized so the entire loan balance would
 not have to be paid off at once.

Loan Amount:
  $280,000
City:
  Los Angeles
LTV:
  56% LTV
County:
  Los Angeles, CA
Appraised Value:
  $500,000
Cash Out LA
Hard Money :
  Cash Out Refi.
Term:
  60 Months
Rate:
  11.75% I.O.
Income:
  Stated Income
Property Type:
  4 Units
Repairs Needed:
  None
Purpose of Loan:
 Construction had just been completed and borrower
 needed to refinance into a longer term and pull some
 additional cash out.

Loan Amount:
  $600,000
City:
  Los Angeles
LTV:
  59% LTV
County:
  Los Angeles, CA
Appraised Value:
  $1,016,000
Cash Out Los Angeles
Hard Money :
  Cash Out Refi.
Term:
  12 Months
Rate:
  9.30% I.O.
Income:
  Stated Income
Property Type:
  Single Family (4)
Repairs Needed:
  Minmial
Purpose of Loan:
 Pull cash out of four properties (Cross collateralize).
 Borrower wanted to have extra cash in hand to
 purchase additional rehab properties. We were able
 to provide a release clause for each property we
 cross collateralized so the entire loan balance would
 not have to be paid off at once.

Loan Amount:
  $80,000
City:
  Menifee
LTV:
  50% ARV
County:
  Riverside, CA
Appraised Value:
  $160,000
Cash Out Menifee
Hard Money :
  Cash Out Refi.
Term:
  12 Months
Rate:
  9.95% I.O.
Income:
  Stated Income
Property Type:
  Single Family
Repairs Needed:
  $5,000
Purpose of Loan:
 Rehab cash out refinance so borrower can purchase
 additional  homes.
 
 
 
 
 
 
 
       
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