Recently Funded Hard Money Blanket Loan in Escondido: $110,000 @ 10.00%, 2nd TD, SFR, Cash-Out, CLTV 62.67%
Current borrower sought a 2nd TD Blanket Cash-Out on their subject SFR properties which are being used by the Non-Profit, “Circle of Friends” to house court placed abused minors. The borrower is on the Board of the Non-Profit, “Circle of Friends” and together they have been operating in these two properties for over 15 years.…