Recently Funded Hard Money Loan – Riverside: $1,000,000, 1st TD, 16.68% LTV, Lender Rate: 13.50%
Experienced Real Estate Investor and successful MVI borrower sought a 2nd TD on two vacant lots with a cross collateral 1st TD combination cash-out loan on one other vacant land parcel. Each of the three parcels is located in Riverside, CA. The cash-out will be used for pre-development expenses where the borrower plans to build…