Done Deal! Hard Money Loan in Los Angeles: $352,000 @ 11.99%, 1st TD, Single Family Residence, Cash-Out, 56.17% CLTV
Successful business owner sought a $352,000 business purpose 2nd Trust Deed loan on this non-owner-occupied investment SFR in the Hollywood Hills of Los Angeles, CA. The borrower lives in Miami, Florida and will use the funds to finish cosmetic upgrades on this home so that he can sell the property in 3-6 months for maximum…