Done Deal! Hard Money Loan in Laguna Beach: $575,000 @ 11.00%, 2nd TD, Cash-Out, 57.55% CLTV
Borrower sought a 2nd Trust Deed on this Ocean-View Beach Cottage investment SFR located in Laguna Beach, Orange County, CA. The purpose of this loan is to invest in borrowers’ merchant payment processing business. Borrowers’ small 1st mortgage is current with a principal balance of $144,427, a fixed interest rate of 4.75%, P&I payment of…
