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Los Angeles Mixed Use Hard Money Loan Closed

Chris Goulart

This property, located in Los Angeles county, is a mixed use property with one residential unit and two commercial units.  The two commercial units are both leased to a single long term tenant.  The purpose of this hard money transaction was to pay off an existing, unrecorded loan that was due.  The borrower had good credit, and the property generated good cash flow.

Los Angeles County Mixed UseTitle to this property was held under two different entities, one a partnership and the other an LLC.  We consolidated how title was held through this transaction, deeding the partnership off title and keeping the LLC on title as the sole owner.  The members of the LLC and the partnership were essentially the same, and keeping title under only the LLC was a simpler way to hold title for the borrower.

This loan was put together as an interest only loan with a low starting rate that increased after three years.  After five years a balloon payment will be due.  The borrower plans to take this hard money loan out with conventional financing once he has cleared some of the credit issues that precluded him from obtaining bank financing this time around.

Please feel free to contact us should you have a Los Angeles hard money loan request we can help with.  We are available Monday through  Friday from 9am to 5pm and are always happy to take the time to discuss your specific situation or scenario as well as go over the various  alternative financing options that we can provide for you.


Google Users Reviews

Roseanne Baker
Roseanne Baker
18:45 07 Sep 18
Chris is extremely professional, is a hard worker, always responds back to my emails/calls promptly, and is an expert... as what he does. I will definitely recommend him to anyone that is looking for lending services and I will continue to use him for all of my lending needs in the future. You will not be disappointed with his more
lorraine pitre
lorraine pitre
18:44 07 Jun 17
I used All California Lending to provide me with a hard money loan. My loan representative was Chris Goulart. I... needed the loan to close in 15 days. Mr. Goulart was able to close the loan in the time frame expected. Several things I admired about Mr. Goulart was that he had great communication via email, text and/or verbal. He was always available. I was even out of the country while he was processing the loan. I came back and the loan was completed. 5 Stars!!!read more
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