Recently Funded Hard Money Loan in Canyon Lake: $100,000 @ 12.50%, 2nd TD, Cash-Out, Single Family Residence, 59.94% CLTV
Business owners sought a $100,000 2nd Trust Deed bridge loan on this owner-occupied single-family residence in Canyon Lake, Riverside County, CA. The property is listed for sale and is currently in escrow. The loan proceeds will be used to make some repairs to the property requested by the buyer. The borrower’s 1st mortgage is with…