California's Hard Money Lender Since 1988

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Below are recently funded loans through our office.  If you are interested in receiving California Trust Deed offerings from us, call our office at 707-523-2099 or fill out the short form at the bottom of this page. Click here


Recent Transactions:

 
Novato, CA   (Marin County)

First Trust Deed for $450,000 @ 11.5% interest only for 1 year with guaranteed interest for 3 months.
1

This is a non-owner investment purchase.  Purchase price is $600,000.  Loan to value is 75%.

Property is a single family house, built in 1968, with 2 bedrooms, 2 bathrooms, has 1,117 sq ft., on a lot of .514 acres.  Property is in need of remodeling.  Borrower already has his remodel crew ready once close of Escrow occurs.

The borrower makes good income ($46,155/month), has over $392,000 in the bank, excellent credit (scores of 813 & 801) and owns 11 other properties.  Borrower will be remodeling the property and then refinancing the property as another rental for himself.  This is my second loan for this Borrower. 


Napa, CA (Napa County)

**Bridge Loan**

2

First Trust Deed for $215,000 @ 9% interest only for 12 months with 4 months minimum payments.  Value by average of 4 internet sites is $502,067.  Purchase price is $140,000.

Loan to value is 42.8%.    The home is 3 bedrooms and 2 baths @ 1,100 sq. ft. on a 6,716 sq. ft. lot built in 1958 but fully remodelled.   Borrower has credit scores of 691,670 and 665.  She is buying another home and needs to refinance this one into a loan other than FHA.  Then FHA will approve the purchase of her next home for which she is already in contract.  


Sacramento, CA (Sacramento County)

3
**Commercial Refinance**

First Trust Deed for $335,000 @ 12% interest only for 2 years with a 3 month prepayment penalty.  Current assessed value is $1,160,500.  No appraisal to be done.  

Loan to value based on the assessed value is 28.8%.  The building is 5,203 sq. ft. and the lot is 1.7 acres.  Borrowers owe $373,000 on an existing first and have a small 2nd mortgage from a friend that will subordinate to this new loan.  They will pay cash for the closing costs and to pay down the loan.    All credit scores are over 712.  

 


Sunnyvale, CA (Santa Clara County)

4
Second Trust Deed for $490,000 @ 12% interest only for 2 years with a 6 month prepayment penalty.

Value based on appraisal is $1,800,000. Combined Loan to value is 60%.

Property is a Single Family Residence built in 1968, with 4 bedrooms, 3 bathrooms and is 2,295 sq. ft. on a lot of .16 acres.  This is a non-owner property and will be rented out after upgrades are done with the proceeds of this loan.  Rent will be as high as $5,000+/month for a remodeled property this size.  An assignment of rents will be done on this loan.

The first mortgage has a balance of $587,888 with a monthly payment of $1,800.

Borrower inherited this property when his father died earlier this year.  His dad was ill for a while and fell behind on the mortgage.  This loan will get the first current, pay off some debts from when his father was ill, and give the costs needed to rehab the property to be rented out at a higher amount.

The borrower makes good income (about $20,300/month), a credit score of 593, and this property has been owned for over 28 years in his family.


Los Angeles, CA (LA County)

5
First Trust Deed for $950,000 @ 12% interest only for 2 years, with a 6 month prepayment penalty.

Valuation done by recent appraisal is $1,350,000.  Loan to value is 70%.

Property is a Single Family Residence built in 1950, with 2 bedrooms, 1 bathroom, 1,160 sq ft, on a lot of .112 acres.

There are 5 units and all are rented out, with a gross monthly rental income of $10,650.  This rental income covers the monthly payment on this loan ($9,500) and there will be an assignment of rents.  This loan will be paying off an existing Hard Money loan of $845,000.   


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