Recently Funded Hard Money Loan in Pacific Palisades: $650,000 2nd TD @ 12.00%, 46.86% CLTV, Cash-Out, Single Family Residence

Brokers, Recent Transactions

Business owners sought a $650,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Pacific Palisades, Los Angeles County, CA.  Loan proceeds will be used to 1) payoff an existing 2nd mortgage; 2) payoff some tax liens; and 3) will be used towards the Borrower’s Biotechnology Business’ (Aicher, Inc. et. al).  In…