Recently Funded Hard Money Loan – Orange: $132,500, 2nd TD, 65.00% CLTV, 10.50% Lender Rate

Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this mixed-used property in Orange, CA.  Funds were used as working capital for borrower’s construction company, which is operated out of the SFR of the subject. The subject is a mixed use property with SFR and commercial buildings.  The subject property…