Done Deal! Hard Money Loan in Santa Monica: $875,000 @ 11.00%, 2nd TD, SFR, Cash-Out, 70.29% CLTV
Borrower, successful real estate investor and business owner sought a business purpose cash-out 2nd TD on this non-owner occupied SFR in Santa Monica, Los Angeles County. Funds from our loan will be used to pay off the existing business purpose 2nd while the remainder of the proceeds will be invested into the borrower’s expanding medical…