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After Repair Examples only Click Here |
Recent Hard Money Fundings |
Real Estate Acronyms:
Loan to Value (LTV)
Interest Only (IO) |
Need hard money financing, we can help.
All transactions below are non-owner (investor loans) |
Loan Amount: |
$104,000 |
|
Los Angeles |
LTV: |
50% ARV |
County: |
Los Angeles |
Appraised Value: |
$210,000 |
|
Purchase Price: |
$114,000 |
Term: |
12 Months |
Rate: |
10.99% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$25,000 |
|
Rehab Fix & Flip |
Loan Amount: |
$198,750 |
|
Los Angeles |
LTV: |
75% LTV |
County: |
Los Angeles |
Appraised Value: |
$350,000 |
|
Purchase Price: |
$265,000 |
Term: |
9 Months |
Rate: |
9.99% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
No Fund Control |
|
Rehab Fix & Flip |
Loan Amount: |
$110,000 |
|
Palm Desert |
LTV: |
61% ARV |
County: |
Riverside |
Appraised Value: |
$180,000 |
|
Purchase Price: |
$118,000 |
Term: |
5 Years |
Rate: |
11.75% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$15,000 |
|
Rehab Fix & Flip |
Loan Amount: |
$318,750 |
|
Pomona |
LTV: |
75% LTV |
County: |
Los Angeles |
Appraised Value: |
$450,000 |
|
Purchase Price: |
$425,000 |
Term: |
3 Years |
Rate: |
12.65% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Restaurant |
Repairs Needed: |
N/A |
|
The existing tenant had an oportunity to purchase the
restaurant and we made there dream come true. |
Loan Amount: |
$300,000 |
|
Tarzana |
LTV: |
33% LTV |
County: |
Los Angeles |
Appraised Value: |
$900,000 |
|
Purchase Price: |
N/A Refinance |
Term: |
60 Months |
Rate: |
8.50% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Retail |
Repairs Needed: |
N/A |
|
Borrower wanted a long term with a low rate to payoff
the existing mortgage. |
Loan Amount: |
$191,000 |
|
Los Angeles |
LTV: |
55% LTV |
County: |
Los Angeles |
Appraised Value: |
$348,000 |
|
Purchase Price: |
N/A Refinance |
Term: |
12 Months |
Rate: |
12.00% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Duplex |
Repairs Needed: |
N/A |
|
Recently converted hotel to a duplex. Borrower pulled
additional funds to purchase another investment
property. |
Loan Amount: |
$70,000 |
|
San Bernardino |
LTV: |
N/A |
County: |
San Bernardino |
Appraised Value: |
No Appraisal |
|
Purchase Price: |
N/A Refinance |
Term: |
36 Months |
Rate: |
13.45% |
Income: |
Stated Income
Verified Assets |
Property Type: |
Restaurant |
Repairs Needed: |
N/A |
|
With plans to expand the square footage of the building
the borrower refinanced the property to obtain the funds
to do so. |
This loan example covers 101% of the purchase price. |
Loan Amount: |
$221,000 |
|
Montebello |
LTV: |
65% ARV |
County: |
Los Angeles |
Appraised Value: |
$340,000 |
|
Purchase Price: |
$218,250 |
Term: |
12 Months |
Rate: |
12.99% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$42,000 |
|
The borrower, an existing Vanguard customer,
specializes in buying homes from banks who are
anxious to dispose of them. He then brings his
experienced crews into the property to complete the
work . At completion, he stages the home for an
ultimate sale and the realization of a nice profit. |
Loan Amount: |
$173,250 |
|
Canyon Country |
LTV: |
55% LTV |
County: |
Los Angeles |
Appraised Value: |
$315,000 |
|
Purchase Price: |
N/A Refinance |
Term: |
60 Months |
Rate: |
12.00% I.O. |
Income: |
Stated Income
Stated Assets |
Property Type: |
Single Family |
Repairs Needed: |
None |
|
Recently renovated home being placed on the market.
Borrower wanted to pull additional cash out for his
next REO investment purchase. |
Loan Amount: |
$155,000 |
|
Los Angeles |
LTV: |
58% ARV |
County: |
Los Angeles |
Appraised Value: |
$267,000 |
|
Purchase Price: |
$171,000 |
Term: |
12 Months |
Rate: |
12.99% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$13,867 |
|
Rehab Fix and Flip.
Borrower has an end buyer ready to go.
There was no fund control for the repairs. |
Loan Amount: |
$400,000 |
|
Glendora, Covina, & LA |
LTV: |
58% LTV |
County: |
Los Angeles |
Appraised Value: |
$685,000 |
|
Purchase Price: |
N/A Refinance |
Term: |
12 Months |
Rate: |
8.90% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family (3) |
Repairs Needed: |
Minimal |
|
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 |
|
Los Angeles |
LTV: |
56% LTV |
County: |
Los Angeles |
Appraised Value: |
$500,000 |
|
Purchase Price: |
N/A Refinance |
Term: |
60 Months |
Rate: |
11.75% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
4 Units |
Repairs Needed: |
None |
|
Construction had just been completed and borrower
needed to refinance into a longer term and pull some
additional cash out. |
Loan Amount: |
$90,000 |
|
Fontana |
LTV: |
58% ARV |
County: |
San Bernardino |
Appraised Value: |
$155,000 |
|
Purchase Price: |
$100,000 |
Term: |
12 Months |
Rate: |
12.99% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$14,380 |
|
Rehab Fix and Flip |
Loan Amount: |
$600,000 |
|
Los Angeles |
LTV: |
59% LTV |
County: |
Los Angeles |
Appraised Value: |
$1,016,000 |
|
Purchase Price: |
N/A |
Term: |
12 Months |
Rate: |
9.30% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family (4) |
Repairs Needed: |
Minmial |
|
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: |
$178,000 |
|
Anaheim |
LTV: |
62.5% ARV |
County: |
Orange |
Appraised Value: |
$285,000 |
|
Purchase Price: |
$175,000 |
Term: |
12 Months |
Rate: |
12.99% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$33,850 |
|
Historical home in need of some serious work. The
previous owner ran out of funds leaving the home with
a gutted interior.
Our borrower turned it into a true
showpiece, selling it for well-above the expected price
in just two days on the market.
|
Loan Amount: |
$80,000 |
|
Menifee |
LTV: |
50% ARV |
County: |
Riverside |
Appraised Value: |
$160,000 |
|
Purchase Price: |
N/A |
Term: |
12 Months |
Rate: |
9.95% I.O. |
Income: |
Stated Income
Verified Assets |
Property Type: |
Single Family |
Repairs Needed: |
$5,000 |
|
Rehab cash out refinance so borrower can purchase
additional homes. |
Loan Amount: |
$165,000 |
|
Los Angeles |
LTV: |
60% ARV |
County: |
Los Angeles |
Appraised Value: |
$175,000 |
|
Purchase Price: |
$183,750 |
Term: |
12 Months |
Rate: |
12.00% I.O. |
Income: |
Stated Income |
Property Type: |
Single Family |
Repairs Needed: |
$15,000 |
|
Rehab Fix and Flip |
|
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