Closed! Hard Money Loan in Fresno: $588,250 @ 10.00%, 1st TD, Cash-Out, SFR, 65.00% LTV
Successful business owner sought a business purpose cash-out refi 1st TD on this owner occupied SFR in Fresno, CA. Borrower has a hard money 1st TD of $465,000 @ 7.5% which is in good standing. Funds from our loan will be used to payoff the current 1st TD which matures soon and also get him…