Closed! Hard Money Loan in Los Angeles: $758,000 @ 12.50%, 2nd TD, Cash-Out, 2-4 Unit, 62.22% CLTV
1. Loan Purpose: Successful Mortgage Vintage borrowers and successful real estate investors sought a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. 100% of the funds from our loan proceeds will be put into Funds Control to reconfigure the existing Duplex and add 2 new fully permitted ADU…