Closed! Hard Money Loan in Los Angeles: $365,000 @ 12.50%, 2nd TD, Cash-Out, Single Family Residence, 60.00% CLTV
Business owners sought a $365,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Los Angeles, Los Angeles County, CA. Loan proceeds will be used for Borrower’s business, Powerfade Marketing, LLC (https://powerfademarketing.com). A Powerfade P&L for 2023 is in the CTD Due Diligence File and shows a company Net Income of $405k.…