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Hard Money Loan Closed in Long Beach, California

A Funded Church Loan in Long Beach, CA! A hard money loan closed on a Chruch in Long Beach, CA. This cash-out loan provided working capital for a local religious organization that has been serving its community for more than 20 years. Subject is in Long Beach, a coastal city and port in Los Angeles County, California. It is the 42nd-most populous city in the United States, with a population of 466,742 as of 2020. A charter city, Long Beach is the seventh-most populous city in California. Incorporated in 1897, Long Beach lies in Southern California in the southern part

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G. David Lapin January 17, 2022 No Comments
Loan Closings

Hard Money Loan Closed in Clearlake, California

A Funded Blanket Loan in Clearlake, CA! A hard money loan closed on a single-family dwelling + vacant lot in Clearlake, CA. This blanket loan provided renovation funds to improve a rental property. Borrower is a seasoned landlord with 20+ SFR’s, and regularly makes property updates and renovations to his portfolio to maximize his ROI. Subject is in Clearlake a city in Lake County, California, United States. Clearlake is 4.5 miles north-northwest of Lower Lake, at an elevation of 1,417 feet. As of the 2020 census, the city had a total population of 16,685, up from 15,250 in 2010. It

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G. David Lapin November 6, 2021 No Comments
Loan Closings

Hard Money Loan Closed in Sugarloaf, California

A Funded Flip in Sugarloaf, CA! This purchase loan provided acquisition and renovation funds for this Fix & Flip project. The property was acquired for $130,000 with an After-Repair-Value of $235,000 and a rehab budget of $30,000. Subject is in Sugarloaf, an unincorporated community residential area less than a mile south of Big Bear City and 8 miles from the eastern tip of Big Bear Lake in the San Bernardino Mountains of San Bernardino County, California. The area is primarily residential with a convenience store and a post office located at the center of the community. There is no municipal

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G. David Lapin June 13, 2021 No Comments
Los Angeles County Affordable Housing Investment
Loan Closings

Hard Money Loan Closed in Los Angeles County, California

A hard money Blanket loan closed on an Affordable Housing Portfolio in Los Angeles County, CA. This purchase loan provided acquisition funds to acquire a portfolio of 5 affordable housing apartment buildings. Affordable Housing – For many disadvantaged, working and lower income families, homeownership is out of reach. The benefit of affordable housing is in its ability to enable families to have the opportunity to live in communities close to work, education, and affordable transportation, while making provision for those most at-risk in our society. Source: Affordable Housing News Here are the loan details: Mulit-Family Buildings Purchase Purpose – Investment

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G. David Lapin February 13, 2021 No Comments
Loan Closings

Hard Money Loan Closed in Clearlake, California

A hard money Blanket loan closed on an income producing property in Clearlake, CA 95422. This cash-out refinance loan against an investment property (an improved lot with two detached SFR dwellings and Vacant lot) provided investment capital to buy investment property. Geologists believe that Clear Lake may be the oldest lake in North America, with lakes existing at its site for approximately 2.5 million years. Clear Lake was born when a huge landslide dammed the headwaters of Cold Creek, blocking westward water flow into the Russian River. Water filled the level valley. The rising waters eventually found an outlet in

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G. David Lapin October 29, 2020 No Comments
Hard Money Loan Lake Elsinore, CA
Loan Closings

Hard Money Loan Closed in Lake Elsinore, California

A hard money Working Capital loan closed on an income producing property in Lake Elsinore, CA 92530. This cash-out refinance loan against an investment SFR dwelling provided improvement capital for the borrower’s religious operation that involved the expansion of existing church facilities with room additions. Lake Elsinore is a natural freshwater lake in Riverside County, California, located east of the Santa Ana Mountains and fed by the San Jacinto River. … Originally named Laguna Grande by Spanish explorers, it was renamed for the town of Elsinore, established on its northeastern shore on April 9, 1888. Source: Wikipedia Here are the

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G. David Lapin October 16, 2020 No Comments
Hard Money Loan Bakersfield, CA
Loan Closings

Hard Money Loan Closed in Bakersfield, California

A hard money Blanket loan closed on three income producing properties in Bakersfield, CA 91353. This blanket loan against one Commercial Building and two investment SFR dwelling’s provided restructuring capital for the borrower’s corporate operation that involved changing the mixture of debt and equity in the company’s capital structure. Bakersfield is a charter city in Kern County, California. It is the county seat and largest city of Kern County. Its economy is centered on many diverse industries…is Home of the “Bakersfield Sound,” the distinct genre of country music made popular by Buck Owens, Merle Haggard, Billy Mize and others…has a

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G. David Lapin September 28, 2020 No Comments
Clearlake County Residential Investment
Loan Closings

Hard Money Loan Closed in Clearlake, California

A hard money Blanket loan closed on Four SFR’s in Clearlake, CA 95422. This blanket loan against four SFR investment properties provided investment capital to a seasoned real estate investor for the Acquisition of additional investments dwelling to renovate (fix) and hold (rent). Known as the “Bass Capital of the West,” Clearlake is a city that surrounds a natural freshwater lake in Lake County, the largest and possibly oldest freshwater lake in California.  Archaeologists believe that the Clear Lake basin has been occupied by Native Americans for at least 11,000 years. Clear Lake was used as an outlying seaplane base

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G. David Lapin September 21, 2020 No Comments
Hard Money Loan Canyon Lake, CA
Loan Closings

Hard Money Loan Closed in Canyon Lake, California

A hard money Acquisition loan closed on a Fix-and-Flip in Canyon Lake, CA 92587. The loan provided fix-and-flip financing to a seasoned real estate investor for the Acquisition of a HUD REO dwelling to renovate (fix) and sell (flip). Canyon Lake is a city and private gated community on Canyon Lake reservoir, located in the Inland Empire, Riverside County, California, United States – halfway between Lake Elsinore and Sun City, California. Canyon Lake began as a master-planned community developed by Corona Land Company in 1968. With a current population just over 11,000 residents, this recreation-oriented community was incorporated on December

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G. David Lapin September 14, 2020 No Comments
Hard Money Loan Bakersfield, CA
Loan Closings

Hard Money Loan Closed in Bakersfield, California

A hard money Acquisition loan closed on 5-Units in Bakersfield, CA 93308. The loan provided Purchase Money funds to a seasoned real estate investor for the Acquisition of a 5 Unit Residential Income Property with the majority of tenants being long term and having on-site laundry and storage units that provide additional income. Founded in the mid 1800’s, and incorporated in 1870, the town of Bakersville was named for David Baker, one of the first to live in the area around 1790 and described as “a large land owner, innkeeper, merchant and political leader until about 1859, when he and

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G. David Lapin August 29, 2020 No Comments
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