Private Loan for a Short Term Rental Property

private loan for a short term rental in Julian, California

Another Success Story: A Private Loan for a Short Term Rental Property

A mortgage broker contacted us regarding a customer who was in need of a private loan for a short term rental property that would also see use as a corporate retreat. Prior to calling us, the broker had contacted some of the larger private lending outfits in California, but none of them had interest in this deal. They had purchased the property on acreage in the gorgeous mountain town of Julian, California.

The borrower needed to refinance the existing purchase money loan and also renovate the property to the tune of about $500,000. We provided a $1,250,000 1st mortgage, with an 18 month loan and a 6 month yield maintenance. We utilized a local 3rd party fund control company to manage the funds and ensure that the work was completed with the loan proceeds.

More Transactions We Have Funded

Rancho Cucamonga, CA

Loan Amount: $785,000
Lien Position: 1st
Loan Type: Refinance
Property Type: Industrial

San Jose, CA

Loan Amount: $483,750
Lien Position: 1st
Loan Type: Purchase
Property Type: Residential

Atherton, CA

Loan Amount: $2,500,000
Lien Position: 1st
Loan Type: Cash Out Refinance
Property Type: Residential

Sherman Oaks, CA

Loan Amount: $725,000
Lien Position: 1st
Loan Type: Cash-Out
Property Type: Residential

Santa Monica, CA

Loan Amount: $725,000
Lien Position: 1st
Loan Type: Cash-Out
Property Type: Residential

Manhattan Beach, CA

Loan Amount: $4,000,000
Lien Position: 1st
Loan Type: Cash-Out Refinance
Property Type: Triplex

Orange County, CA

Loan Amount: $800,000
Lien Position: 1st
Loan Type: Cash-Out
Property Type: Commercial

Carmel by the Sea, CA

Loan Amount: $925,000
Lien Position: 1st
Loan Type: Cash Out Refinance
Property Type: Residential

Pacific Beach, CA

Loan Amount: $602,000
Lien Position: 1st
Loan Type: Cash Out Refinance
Property Type: Residential

Oceanside, CA

Loan Amount: $362,000
Lien Position: 1st
Loan Type: Cash-Out Refinance
Property Type: Residential

San Diego, CA

Loan Amount: $200,000
Lien Position: 2nd
Loan Type: Cash-Out
Property Type: Residential

Del Mar, CA

Loan Amount: $1,200,000
Lien Position: 1st
Loan Type: Cash-Out Refinance
Property Type: Duplex

Sacramento, CA

Loan Amount: $600,000
Lien Position: 1st
Loan Type: Cash-Out Refinance
Property Type: Commercial

Carmel, CA

Loan Amount: $925,000
Lien Position: 1st
Loan Type: Cash-Out Refinance
Property Type: Residential

Pasadena, CA

Loan Amount: $350,000
Lien Position: 1st
Loan Type: Purchase
Property Type: Residential

Lake Elsinore, CA

Loan Amount: $1,000,000
Lien Position: 2nd
Loan Type: Refinance
Property Type: Industrial

Corona, CA

Loan Amount: $1,085,000
Lien Position: 1st
Loan Type: Refinance
Property Type: Industrial

National City, CA

Loan Amount: $410,000
Lien Position: 1st
Loan Type: Purchase
Property Type: Duplex

Long Beach, CA

Loan Amount: $350,000
Lien Position: 1st
Loan Type: Refinance
Property Type: Commercial

Palm Springs, CA

Loan Amount: $1,200,000
Lien Position: 1st
Loan Type: Refinance
Property Type: Residential

Los Angeles, CA

Loan Amount: $2,275,000
Lien Position: 1st
Loan Type: Purchase
Property Type: Industrial

Merced, CA

Loan Amount: $650,000
Lien Position: 1st
Loan Type: Cash Out Refinance
Property Type: 20 Units

Covina, CA

Loan Amount: $385,000
Lien Position: 1st
Loan Type: Refinance
Property Type: Industrial

San Diego, CA

Loan Amount: $1,050,000
Lien Position: 1st
Loan Type: Cash-Out Refinance
Property Type: 16 Units