$450,000, Purchase, Commercial

El Cajon, CA. January 2019.  A real estate investor and repeat borrower of The Loan Company had the opportunity to purchase an off market investment property consisting of two contiguous lots with a small office at a below market price, but needed to close fast. This property was of interest to the borrower as he owned the properties on either side of the subject.

The Loan Company was able to respond quickly and fund a $450,000 1st Trust Deed loan secured by the subject property and as additional collateral, a 2nd Trust Deed on the commercial property right next door was also provided for an overall estimated loan-to-value of 60%.

The exit strategy is to make minor improvements to the subject property and have his business utilize the lot and office space, then refinance with a conventional lender with 18 months. The Loan Company provided the borrower an excellent bridge loan at a competitive private money rate and terms.

$775,000, Purchase, Apartment

San Diego, CA. December 2018. A repeat Loan Company borrower had the opportunity to purchase six residential units comprised of a detached single family residence with a studio and two detached duplexes.

The borrower wanted to utilize equity in other investment properties to minimize the cash down payment on the acquisition. The purchase needed to close within two weeks of getting the offer accepted.

The purchase price was $860,000. The Loan Company provided a 1st Trust Deed loan commitment of $775,000 or 90% of the purchase price. The loan was secured by a 1st Trust Deed on the subject property and secured by two other income properties with substantial equity for an overall 62% loan to value ratio.

The exit strategy is to remodel the property, bring rents to market, then refinance with a conventional lender. The Loan Company provided the borrower an excellent short-term bridge loan at a competitive private money rate and terms.

$675,000, Purchase, Multi-Family

San Diego, CA. December 2018A reputable broker referred a real estate investor to The Loan Company who had the opportunity to purchase four residential units comprised of 3 studios on the first floor and a single studio unit on the second floor of a 1,850 sq. ft. building. The borrower needed to close quickly and could not risk delaying escrow with a conventional lender.

The purchase price was $900,000. The Loan Company provided a 1st Trust Deed loan commitment of $675,000 or 75% of the purchase price. The property was being professionally managed and generated gross monthly rental income of $6,600/mo.

The exit strategy is to refinance with a conventional lender within 12 months. The Loan Company provided the borrower an excellent short-term bridge loan at a competitive private money rate and terms.

$300,000, Purchase, Investment SFR

Chula Vista, CA. January 2019Needing to close within a week, a real estate investor and repeat borrower of The Loan Company had an opportunity to purchase a corner lot, single family residence investment property. Plans are to remodel the subject property.

The purchase price was $400,000. The Loan Company provided a $300,000 loan or 75% of the purchase price. The borrower will be providing the capital for improvements to be made.

The exit strategy is to sell the property upon completion of the improvements. In a matter of days of being contacted, The Loan Company provided the borrower with an excellent short-term bridge loan at a competitive private money rate and terms.

$880,000, Purchase, Investment SFR

San Diego, CA. December 2018.

A new borrower referred to The Loan Company from a reputable broker had the opportunity to purchase a detached single family residence investment property, which would add to his growing portfolio of short term rental properties.

The borrower wanted to utilize equity in his other investment properties to minimize the cash down payment on the acquisition. The purchase needed to close within two weeks of getting the offer accepted.

The purchase price was $1,100,000. The Loan Company provided a 1st Trust Deed loan commitment of $880,000 or 80% of the purchase price. The loan was secured by a 1st Trust Deed on the subject property and secured by another income producing property with sufficient equity for an overall 69% combined loan to value ratio.

The exit strategy is to remodel the property, season rents for 6 months, then refinance with a conventional lender. The Loan Company provided the borrower an excellent short-term bridge loan at a competitive private money rate and terms.

$300,000, Purchase, Two Investment SFR’s

Escondido, CA. December 2018A repeat borrower of The Loan Company wanted a hassle-free loan that needed to close quickly for the purchase of two single-family investment properties on one parcel.

 The purchase price was $410,000. The borrower will be remodeling the two homes The Loan Company moved fast and provided a $300,000 1st Trust Deed loan or 73% of the purchase price. The borrower will remodel the two houses adding considerable value to the property.

 The exit strategy is to refinance the property upon completion of the remodel and hold as rental properties. The Loan Company provided the borrower with an excellent short-term bridge loan at a competitive private money rate and terms.

$815,000, Purchase, Investment SFR (

San Diego, CA. November 2018An existing client of The Loan Company was presented with an opportunity to purchase a single-family detached investment property, which was a pocket listing. The borrower needed to close within two weeks, so the timing was critical to getting the deal done.

The purchase price was $875,000. The Loan Company moved fast and closed with an initial disbursement of $656,000 or 75% of the purchase price and met the deadline. The Loan Company also held back $159,000 for improvements to be made, which will be disbursed as a percentage of completion for a total loan commitment of $815,000. The borrower will remodel the home adding considerable value to the property, which has an ARV of $1,250,000 or 65% LTV.

$275,000, Purchase, 2 SFR’s on 1 Lot

San Marcos, CA. October 2018.

A real estate investor had the opportunity to purchase an off market investment property consisting of two single family homes on one lot with added value potential at a below market price, but needed to close fast.

The Loan Company was able to respond quickly and fund a $275,000 1st Trust Deed loan secured by the subject property, which was purchased for $400,000 or 69% loan to purchase price. The borrower has an improvement budget of $75,000, which will be funded by the borrower, for a total LTC of 58%.

The exit strategy is to remodel the subject property, bring rents to market, then sell at a profit. The Loan Company provided the borrower an excellent bridge loan at a competitive private money rate and terms.

$256,600, Purchase, Investment Condo

San Diego, CA. October 2018A real estate investor and repeat borrower of The Loan Company had an opportunity to purchase a pocket listing, but needed to close in two weeks to secure the 2 bedroom, 2 bath residential condominium. The purchase price was $421,600.

The Loan Company was able to provide a 1st Trust Deed bridge loan of $256,600 or 61% LTV. The borrower’s budget of $8,000 are to update the flooring, countertops, bathrooms, and kitchen, then immediately resell within two months. Sales comps indicate a resale value of $480,000 or 53% loan-to-value ratio. In a timely fashion, The Loan Company provided the borrower an excellent bridge loan at a competitive private money rate and terms.

$270,000, Purchase, Investment SFR

El Cajon, CA. October 2018Needing to close within a week, a businessman and real estate investor was referred to The Loan Company by a real estate broker on a purchase of a corner lot, single family residence investment property with zoning allowing for commercial use.

The purchase price was $400,000. The Loan Company provided a $270,000 loan or 68% of the purchase price. The borrower will be providing the capital for improvements to be made on the commercial side of the lot.

 The exit strategy is to sell or refinance the property upon completion of the improvements. In a matter of days of being contacted, The Loan Company provided the borrower with an excellent short-term bridge loan at a competitive private money rate and terms.