Recently Funded Hard Money Loan in Newport Coast: $810,000 @ 10.50%, 2nd TD, Cash-Out, SFR, 65.56% CLTV

Business owner sought a business purpose cash-out 2nd TD of this owner occupied SFR in Orange County.  Proceeds from this loan will be invested into the borrower’s interior design business. Our subject property is a beautiful two-story SFR located in Newport Coast and sits on a 11,151 sqft lot.  The subject was built in 2001 and…