Recently Funded Hard Money Loan in Riverside: $140,000 @ 12.25%, 2nd TD, Cash-Out, Single Family Residence, 49.47% CLTV
Borrower sought a business purpose 2nd Trust Deed on this investment rental property in Jurupa Valley, Riverside County, CA.. The purpose of this loan is to pay off an existing $65K 2nd TD and the balance will be invested into borrower’s autobody company. Borrowers’ 1st mortgage is current with a small principal balance of $47,507…