Recently Funded Hard Money Loan – Los Angeles: $50,000, 2nd TD, 60.53% CLTV, 13.99% Lender Rate

Borrower and real estate investor was seeking a cash-out 2nd TD to make home improvements to the subject property. The subject property is located in the Avalon Gardens neighborhood of Los Angeles. The single-story home sits on a 5,030 sqft lot and comprises 3 bedrooms and 1 bath with 898 sqft.  The property is conveniently…

Recently Funded Hard Money Loan – Rosemead: $260,000, 1st TD, 45.22% LTV, 9.99% Lender Rate

Borrower and real estate investor was seeking a cash-out 1st TD on this non-owner occupied property to make improvements to the same property. Property is a traditional 1-story duplex located in Rosemead in LA County.  The subject property is zoned as a 2-unit but currently being used as SFR.  The home is 1,320 sqft and…