Recent Transaction in Lake Forest: $129,400 @ 10.00%, 2nd TD, SFR, Cash-Out, 61.16% CLTV
Successful, repeat Mortgage Vintage borrower and business owner sought a business purpose cash out loan on this owner occupied, lakefront SFR in Lake Forest, Orange County, CA. Borrower’s current and in good standing 1st TD is $665K at an 8.99% interest only rate. Exit strategy: conventional refinance. The subject property is a contemporary style, two…
