Recently Funded Hard Money Loan – Fresno: $1,100,000, 1st TD, 29.73% LTV, Lender Rate: 12.00%

Experienced Assisted Living Facility Operator. Borrower sought a cash-out 1st TD on this Fresno Assisted Living and Memory Care Facility to complete the remodel of the subject property. Borrower has recently secured a new 1st Trust Deed of $700k that paid off a matured 1st TD that was used to purchase the property in Aug.…