Closed! Hard Money Loan for Commercial Hotel in Sierra City: $337,500 @ 12.00%, 1st TD, Cash-Out, 50.00% LTV
Borrower has invested $450K “skin in game” in full renovation and remodel since purchase of property in 2019. In addition to this income generating hotel property, borrower owns a successful Harley Davidson restoration company. Borrower able to make payments through multiple financial sources. Successful business owner and real estate investor sought a $337,500 1st Trust Deed…