Recently Funded Hard Money Loan – Moreno Valley: $33,000, 2nd TD, 70.00% CLTV, 15.00% Lender Rate
Previous successful borrower, foreign national real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. Borrower was a previous successful Mortgage Vintage client and owns several investment properties…