Closed! Hard Money ADU Loan in Baldwin Park: $71,000 @ 9.50%, 2nd TD, SFR, Cash-Out, 70.00% CLTV
Borrowers sought a business purpose cash-out 2nd TD which will be used to finish construction on an ADU in the back of the property. The subject property is a traditional 1,236 SF that sits on a huge 10,202 SF lot. It consists of 7 total rooms including 3 bedrooms, 2 bathrooms and a covered front…
