Recently Funded Hard Money Loan – Newport Beach: $430,000, 2nd TD, 65.69% CLTV, Lender Rate: 9.50%
Experienced real estate investor and business owner sought a cash-out 2nd TD on this non-owner occupied property located in this Balboa Peninsula portion of Newport Beach, Orange County. Proceeds from this loan will be used to complete the renovation of the property. There will be a funds control account established holding $250K. The subject property…