Done Deal! Hard Money Loan in Newport Beach: $950,000 @ 11.50%, 2nd TD, Cash-Out, Single Family Residence, 58.11% CLTV
Business owner and real estate investor sought a $950K 2nd Trust Deed loan on this owner-occupied SFR located in Newport Beach, Orange County, CA. Loan proceeds will be used for Borrower’s Date Cultivation, packaging and sale business (Fountainhead Shrugged, LLC). The borrower secured Walmart as an account for their Coachella grown Dates and needs money to…