Recently Funded Hard Money Loan in Coronado: $378,750 @ 14.00%, 2nd TD, Cash-Out, Single Family Residence, 65.00% CLTV

Business owners sought a short term $378,750 business purpose 2nd Trust Deed loan on this non owner-occupied single-family residence in Coronado, San Diego County, CA.  Loan proceeds will be used for borrower’s business, Buffalo Ventures, which is a Venture Capital firm also based out of Coronado. The home has been used as a luxury short…