Closed! Hard Money Loan in Los Angles for Multi-Family Property: $600,000 @ 13.00%, 2nd TD, Cash-Out, 58.74% CLTV

Very successful real estate investor who is 100% owner of a total of 8 investment properties throughout Los Angeles County sought a 2nd TD business purpose cash out loan on this newly built 13 Unit Apartment Building in Los Angeles, Los Angeles County, CA. The subject property is 100% fully occupied. Borrower purchased the property in…