Recently Funded Hard Money Loan – Newport Beach: $1,250,000, 2nd TD, 54% CLTV, 12.00% Lender
Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County. Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution. The subject is…