Recently Funded Hard Money Loan – Huntington Beach: $512,000, 2nd TD, 59.85% CLTV, 10.50 % Lender Rate

Borrower and real estate investor was seeking a business purpose 2nd TD on this Huntington Beach 12-unit multi-family property. Borrower is restructuring the 1st TD with Axos Bank and paid off an existing 2nd TD where the Note was coming due. This was a no cash-out refinance. The Axos Bank 1st TD is at 5.29%…