Hard Money Loan Closed in La Jolla, California

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Hard Money Loan Closed in La Jolla, California

A hard money Working Capital loan recently closed on a Luxury Rental property in La Jolla, CA 92037.  The loan provided funds for operational costs, capital improvements and property taxes for a small portfolio of Short-Term Rentals (think…Airbnb, VRBO) located in an affluent community known for its seaside area, rugged coastline, posh boutiques, waterfront restaurants and the Torrey Pines State Natural Reserve.

Here are the loan details:

  • SFR
  • Cash-Out – Business Purpose
  • Purpose – Working Capital
  • Loan-to-Value (Combined) – 37%
  • Second Trust Deed
  • 60 Month Term
  • Principal & Interest Payments
  • San Diego County, CALIFORNIA
  • PRINCIPAL AMOUNT: $175,000.00

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:

Hard Money Loan E-BookFrequently Asked Questions

By |2018-10-08T08:20:29+00:00October 6th, 2018|Categories: Loan Closings|0 Comments

About the Author:

G. David Lapin is the president and Broker of Record of HanoverMC, a private money lending and trust deed investment firm located in Orange County, California and is an author and speaker on the topic of private money lending and trust deed investing. Lapin was most recently featured in Robert Irwin’s book “Armchair Real Estate Investor” and hosted his own radio show “The Hard Money Hour”. Lapin's professional career in real estate encompasses 30 years of entrepreneurial experience in both the commercial and residential sectors, bridging property management, development, construction, investment sales and finance including residential mortgage banking and brokerage - originating, processing and closing 5,000 + purchase & refinance transactions, and the underwriting and funding of private money transactions.

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