Recently Funded Hard Money Loan in Van Nuys: $120,000 @ 11.50%, 2nd TD, Cash-Out, Single Family Residence, 45.48% CLTV
Self Employed General Contractor and business owner sought a business purpose cash-out 2nd TD on this owner-occupied SFR in Van Nuys, Los Angeles County, CA. The loan proceeds will be used to purchase new and upgraded equipment as well as increase marketing for the borrower’s business, MWR Construction Services, as well as payoff a tax…