Recently Funded Hard Money Loan in Desert Hot Springs: $1,308,000 @ 15.00%, 1st TD, Cash-Out, Commercial, 30.00% LTV
Borrower leveraged his assets for speed on this business purpose cash out to invest in a large Real Estate development in Coachella Valley. This 1st Trust Deed offers $3,052,000 in Investor Protective Equity on this “Free and Clear” – no existing debt – subject property. Borrower shows substantial cash reserves and net worth to service…