Closed! Hard Money Loan in Torrance: $130,000 @ 12.25%, 2nd TD, Condo, Cash-Out, 60.26% CLTV
Borrower sought a small business purpose 2nd Trust Deed on this investment townhome located in a gated community in Old Torrance, “Villages on Oak”, Los Angeles County, CA. The purpose of this loan is to remodel borrower’s “Togo’s sandwich restaurant located in Burbank, CA. Borrowers’ 1st mortgage is current with a principal balance of $400K…