Recently Funded Hard Money Loan in Santa Ana: $80,500 @ 12.50%, 2nd TD, Cash-Out, Single Family Residence, 59.38% CLTV
Borrower sought a small $80,500 2nd Trust Deed business purpose cash out loan on this non-owner occupied SFR rental investment property in Santa Ana, Orange County, CA. The use of funds is for cosmetic upgrades to interior and exterior of subject property. The borrower’s current, and in good standing, 1st mortgage has a principal balance of $448,000…