Closed! Construction Loan in Newport Beach: $835,000, 1st TD, 70.03% CLTV, SFR, Cash-Out, 10.00% Lender Rate
Successful business owner and Pacific Life 16 year employee sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The purpose of this loan is to pay off an existing $607,500 Business Purpose 2nd TD held by Mortgage Vintage and provide additional cash out to complete the…