Recently Funded Hard Money Loan – Los Angeles: $1,000,000, 1st TD, 10.00% CLTV, 9.25% Lender Rate

Brokers, Los Angeles, Recent Transactions

Real Estate Investor, General Contractor and Architect was looking for a business purpose cash-out 1st TD to complete plans and develop hillside property into a 78 unit apartment complex in the Baldwin Hills area of Los Angeles. Borrower’s exit strategy was to obtain a Take-Out construction loan to complete development. Subject View Property is a…