Closed! Hard Money ADU Loan in Costa Mesa: $500,000 @ 11.75%, 2nd TD, Cash-Out, Single Family Residence, 64.00% CLTV
Experienced real estate investor, developer and successful Mortgage Vintage Fix and Flip borrower sought a 2nd TD business purpose cash-out on this SFR + 2 ADU’s investment property in Costa Mesa, CA. Funds from our loan will be used to build a third ADU ($200k) and will be held in Funds Control and the remainder…