Recently Funded Hard Money Loan in Perris: $270,000 @ 10.75%, 2nd TD, Cash-Out, SFR, 60.73% CLTV

Experienced real estate investor sought a business purpose 2nd TD cash-out on this ranch rental investment property in Perris, CA. Borrower’s current $7.25M combined market value investment property portfolio with only $2.50M in combined mortgage debt is documented in their Schedule of Real Estate located in investor dropbox file. Funds from our loan proceeds will…