Closed! Hard Money Loan in Laguna Beach: $280,000 @ 10.00% Lender Rate, 2nd TD, Cash-Out, 61.62% CLTV, SFR

Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out & refinance 2nd TD on this Ocean View SFR non-owner occupied short term rental property in Laguna Beach, Orange County, CA. The subject property has a front unit and the main Ocean Facing SFR.  Recent legislation allows borrower…