Closed! Hard Money Commercial Loan in Los Angeles: $575,000 @11.00%, 1st TD, Cash-Out, 57.50% LTV
Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied commercial property in Los Angeles. Co-Borrower has a high FICO and is the Borrower’s wife and is a successful Dr. with her own practice in Santa Monica. Los Angeles and has her own Funds from our loan…