Recently Funded Hard Money Loan: $70,000, 2nd TD, 65.24% CLTV, Cash-Out, 10.00% Lender Rate
Successful Mortgage Vintage borrower and real estate investor sought a business purpose 2nd TD to cash-out to be used to complete the construction of an ADU unit being built over a 2 car garage on the lot of an existing investment property. The subject property is on a large 41,382 (.95 acre) lot. Currently there…