working capital Archives

Loan Closings

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

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

G. David Lapin November 6, 2021 No Comments

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

G. David Lapin October 16, 2020 No Comments

Loan Closings

Hard Money Loan Closed in Adelanto, California

A hard money Working Capital loan closed on an SFR in Adelanto, CA 92301. The loan provided Working Capital funds to a seasoned real estate investor to use towards the purchase, of additional real estate for investment. The subject property was income producing and existing rent covered debt service/PITI. Adelanto is a city in San Bernardino County, California, United States and was founded in 1915 by E. H. Richardson, the inventor of what became the Hotpoint Electric Iron. He sold his patent and purchased land for $75,000. He had planned to develop one of the first master planned communities in

G. David Lapin August 20, 2020 No Comments

Loan Closings

Hard Money Loan Closed in San Marino, California

A hard money ‘Working Capital’ loan closed on an SFR in San Marino, CA 91108. The loan provided start-up capital for a health and wellness practice. San Marino is a residential city in Los Angeles County, California, United States. The principal portions of San Marino were included in a Mexican Land Grant in 1830 and it was incorporated on April 25, 1913. As of the 2010 census the population was 13,147. The city is ranked as number 78 among the wealthiest places in the nation in terms of household income. Here are the loan details: SFR – Detached Secondary Financing

G. David Lapin July 3, 2020 No Comments