Recently Funded Hard Money Loan- Hawthorne: $165,000, 2nd TD, 65.03% CLTV, 10.50% Lender

Borrower and real estate investor were seeking a 2nd TD to make improvements to the subject property which will allowed the borrower to increase the monthly rental income on the property.  The exit strategy by the borrower is refinance with a conventional loan. The subject property is ranch style 4-unit residence in Hawthorne located in…