Funded! Private Money 2nd TD: $180,000, 63.38% CLTV, Cash-out,10.25% Lender Rate, Echo Park, CA
Business owner and real estate investor asked for a business purpose cash-out 2nd TD on this non owner-occupied duplex in Los Angeles. Funds from the loan were used to payoff an existing 2nd TD. The subject is a well maintained 2 story, 4 BR/3 BA Duplex located in the Echo Park neighborhood of LA. The…