This borrower reached out to us seeking $315,000. They own a condo in Santa Monica California appraised at $1,525,000. They owed nothing on the property. They were seeking funding in order to grow their existing business. Because it was strictly a business purpose loan we were able to offer them the money they requested on their owner-occupied Santa Monica condo.
Disclosures: **Per FDIC Regulations Section 6500, Part 226, Subpart C, 226.24. The amount of each payment that will apply over the term of the loan is based on simple annual interest applied to the unpaid balance. Loans range from 1 day to 60 months, are interest only and include a balloon payment due at term. Finance charges apply. Payments do not include amounts for property taxes or insurance premiums. This is not a commitment to lend. Rates and points are subject to change without notice. California Hard Money Direct makes first lien mortgage loans and second lien mortgage loans in California Only.
Broker License ID: 01384244
NMLS #348736
We are comprised of experienced, knowledgeable and dedicated professionals with expertise in every area of private and institutional real estate financing and hard money mortgages in California.
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